Belgian tanker major Euronav has placed an order for an additional dual-fuel ammonia-ready Very Large Crude Carrier (VLCC) at Qingdao Beihai shipyard in China, confirming previous broker reports on the deal. The order was placed in January 2024. Combined with the three orders announced in 2023, the
Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts. Masdar revealed the agreement on January 30, stating that the partnership aims to source, supp
The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol.
Japanese companies Japan Petroleum Exploration Co.., Mitsubishi Gas Chemical Co., IHI Corporation, Mitsui & Co., and Mitsui O.S.K. Lines (MOL) have started a joint study for the establishment of the ammonia supply base in Soma area, Fukushima Prefecture.
On Monday, January 29, Japanese shipping major NYK Group broke ground on a test engine facility, aimed at evaluating the safety and practical application of biofuels for maritime use. The company’s latest venture towards sustainable shipping is being constructed in Chiba Prefecture. NYK Group compan
Singapore-based Ocean Network Express (ONE) has been awarded Approval in Principle (AiP) from classification society DNV for an ammonia dual-fueled vessel, marking another milestone for the shipping company on its journey towards net zero by 2050.
Dubai energy trader BGN has emerged as the owner behind the order for the construction of two Very Large Gas Carriers (VLGCs) at Hyundai Heavy Industries. HHI’s parent company HD KSOE announced the deal in a stock exchange filing in mid-January. The deal is said to be worth KRW 310 billion ($235 mil
Four Japanese companies — Nippon Yusen Kabushiki Kaisha (NYK), Japan Engine Corporation, IHI Power Systems, and Nihon Shipyard — have signed a series of contracts to build the world’s first ammonia-fueled medium gas carrier (AFMGC) equipped with Japan-made engines.
Houston-based marine robotics company Ocean Infinity has taken delivery of the last in a series of eight new high-tech, ammonia-ready Armada vessels. The vessel NB 941 was delivered by Vard Vung Tau in Vietnam on January 24. Vard received a contract to design and build these highly advanced, 78-mete
India’s ACME Group and Japan’s IHI Corporation have signed an offtake term sheet for the supply of green ammonia from India to Japan. The term sheet covers the supply of 0.4 MMTPA of green ammonia from Phase-1 of the Odisha project on a long-term basis, ACME said, noting that both companies wish to
Dalian COSCO Shipping Heavy Industry has kicked off construction of China’s first ammonia/diesel dual-fuel-powered 5500HP azimuth-stern drive (ASD) tug as part of COSCO Shipping Heavy Industry’s project “R&D and Demonstration Application of Ammonia-powered Dual-fuel Engine and Supply System”. Accord
Global commodity trading giant Trafigura has set an ambitious target of having at least six zero-emission green ammonia-fuelled vessels in its fleet by 2030 to achieve a 25% reduction in the GHG intensity of its shipping operations. Trafigura, one of the world’s largest charterers of vessels, is res
U.S. GE Vernova’s business unit GE Gas Power and Japan’s IHI Corporation have signed a joint development agreement (JDA) to progress to the next phase of technology and engineering for the development of a new gas turbine combustor capable of using ammonia as a viable fuel option for power generatio
Italian classification society RINA has teamed up with Gas and Heat, a compatriot company specializing in the design and construction of cargo handling systems, on the development of a cargo and fuel gas system for an ammonia-fuelled bunker vessel. Within this agreement, Gas and Heat will develop th
