Höegh Autoliners has joined forces with Fortescue to call on global shipping regulators to fast-track the adoption of green ammonia as the only marine fuel that can hasten the decarbonization of the industry.
The two companies came together at a decarbonization of shipping event at COP29 in Baku, Azerbaijan, to jointly advocate for the global shipping industry to end reliance on dirty bunker fuel.
Fortescue and Höegh Autoliners have committed to working together to explore the technical and commercial requirements for a green ammonia supply chain for bunkering.
The companies have a shared commitment to reducing emissions in the shipping sector as members of the First Movers Coalition for shipping. Both companies will also be signatories to a Call to Action for an Equitable Energy Transition in Shipping, to be launched at COP29.
In March 2024, Fortescue’s Green Pioneer became the world’s first vessel to use ammonia as part of a marine fuel at the Port of Singapore.
We need early incentives for hydrogen derived fuels – specifically ammonia for 2030 – otherwise, we are kicking the can down the road and leaving too large a scale up for the 2040s.
..said Mark Hutchinson, CEO, Fortescue.
Höegh Autoliners recently launched a green fleet renewal program – ordering 12 new multi-fuel-ready vessels. The Aurora Class vessels have DNV’s “ammonia ready” notation and the last 4 vessels in the series are planned to be delivered with dual fuel ammonia propulsion.
With this partnership, we are removing carbon from one of the hardest-to-abate sectors, sending a strong demand signal for green ammonia down the value chain.
…said Andreas Enger, CEO, Höegh Autoliners.
The alignment between Fortescue and Höegh Autoliners comes at a critical time for the future of international shipping, with the International Maritime Organization (IMO) due to soon make key decisions on how it will reduce emissions in line with the level of ambition set out in its 2023 IMO Strategy on Reduction of GHG Emissions from Ships.
