Following a time-charter agreement between the two companies, NYK will deliver an ammonia-fueled medium gas carrier to Yara Clean Ammonia in November 2026.
The pair will jointly develop a new small-size, 100% ammonia-capable turbine for maritime applications. Tests will be completed by the end of 2027, after which the ~16 MW unit will be commercially available for orders.
Starting in mid-2027, Norwegian timber exporter Viken AT Market will move part of its timber transport operations to a brand-new hybrid vessel that will run on electricity and ammonia fuel. Vessel developer Skarv Shipping has multiple ammonia-fueled vessels on order from Chinese shipyard Huanghai Shipbuilding.
In Japan, the Ministry of Land, Infrastructure, Transport and Tourism, in cooperation with the Ministry of the Environment will invest $212 million in the domestic manufacture of ammonia engines, fuel tanks and components. In Korea, the national Export-Import Bank has committed to supporting ammonia-fueled newbuilds.
To explore the interim fuel guidelines and discuss their implications, we were joined by the IMO and Lloyd’s Register. Properly applied, the new fuel guidelines will ensure that ammonia systems achieve safety standards comparable to those of LNG or other alternative fuel systems, with special provisions made to ensure that ammonia’s hazards are effectively managed well within acceptable risk thresholds.
Madoqua and Mitsui O.S.K. Lines will lead development of the corridor. Industry partners in the consortium include financiers, terminal operators, Port authorities, alternative fuel producers and offtakers. The transportation of liquified CO2 along the corridor will help establish a supply chain for sequestration of carbon emissions in Norway at Horisont Energi’s Gismarvik CO2 hub.
Set to produce 900,000 tons per year of renewable ammonia powered by 3.7 GW of combined wind and solar energy, CIP’s Helax project in Mexico is set to come online in 2028. In Newfoundland and Labrador, CIP has acquired a 90% stake in a large-scale, onshore wind-powered renewable hydrogen project.
The construction of EXMAR’s first 46,000 m3, ammonia-powered midsized gas carrier vessel began in December last year, with the four ordered vessels on track for delivery in 2026, powered by dual-fuel WinGD engines.
COSCO Shipping reports that successful truck-to-ship ammonia bunkering of its retrofitted tugboat Yuantuo 1 took place in Dalian last December, performed by one of China’s largest bunker providers.
A new round of Norwegian government funding has awarded a total of $68 million to a series of ammonia-fueled vessel projects, including a replacement freighter to service a key cargo and postal route to Svalbard, platform supply vessels, and the bunkering/distribution vessel MS Green Ammonia.