Factbox: Which companies back ammonia-fuelled ships to help cut emissions?

Nippon Yusen Kabushiki Kaisha

27/10/2024 23:49

SINGAPORE, Oct 28 (Reuters) - The shipping industry is
looking into ammonia as an alternative fuel for powering ships,
amid other ongoing plans to cut carbon emissions and achieve
net-zero by 2050.  L4N3LF0FU  
    Here is a list of companies with ammonia-fuelled ship
projects: 
    
    NIPPON YUSEN KAISHA (NYK)
    NYK  9101.T , with IHI Power Systems and Nippon Kaiji Kyokai
(ClassNK), completed the world's first ammonia-fuelled tugboat,
Sakigake, on Aug. 23. The vessel will operate in Tokyo Bay for
three months. 
    NYK is also building the world's first ammonia-fuelled
medium gas carrier, scheduled for completion in November 2026.
    
    MITSUI O.S.K LINES (MOL)
    MOL  9104.T , in collaboration with the Global Centre for
Maritime Decarbonisation and Yara International  YAR.OL ,
completed the world's first ammonia ship-to-ship (STS) transfer
at anchorage within the Australian port of Dampier. Two
transfers, each involving 4,000 cubic metres of ammonia, took
place between two gas carriers to simulate bunkering operations.
    MOL has also received approval in principle from shipping
classification society ClassNK to design a 210,000-DWT
(deadweight tonnage) ammonia-powered bulk carrier.
    
    ITOCHU
    Japanese trading house Itochu  8001.T  signed an initial
agreement with marine fuel supplier Peninsula Petroleum to
jointly develop ammonia bunkering in Algeciras, Spain.
    
    TRAFIGURA 
    Global commodities trading house Trafigura  TRAFGF.UL 
ordered four medium gas carriers from HD Hyundai Mipo Dockyard,
with the option of using either liquefied petroleum gas or
ammonia as fuel. These dual-fuelled vessels will be delivered
starting from 2027. 

    EASTERN PACIFIC SHIPPING 
    Eastern Pacific Shipping (EPS) is building at least six
ammonia dual-fuelled ships including ammonia carriers and
bulkers, jointly with MAN Energy Solutions, HD Hyundai Heavy
Industries and yards from the China State Shipbuilding
Corporation (CSSC), to be delivered starting from 2026.
    
    BHP 
    Top global miner BHP  BHP.AX  plans to take delivery of its
first ammonia-fuelled bulk carrier in 2026. The company was
still shortlisting and evaluating companies for building the
vessels, it said earlier this year.
    
    BERGE BULK 
    Berge Bulk ordered two 210,000-DWT ammonia dual-fuelled
Newcastlemax vessels from Qingdao Beihai Shipbuilding, set for
delivery in 2025.
        
    MISC 
    Malaysian shipping firm MISC  MISC.KL  signed chartering
contracts with PETCO Trading Labuan Company Ltd in September
2023 for two ammonia dual-fuelled Aframax vessels. PETCO's
petroleum arm AET signed the shipbuilding contracts with Dalian
Shipbuilding Industry Co. 
    

 (Reporting by Jeslyn Lerh and Haridas; Editing by Florence Tan
and Sonali Paul)
 ((jeslyn.lerh@thomsonreuters.com))