Tag: ammonia

The major container shipping company Maersk recently issued its financial performance results for 2020, highlighting that despite the low volumes due to COVID-19, the company left 2020 with a strong balance sheet and plenty of firepower. 

Ammonia as a ship fuel presents additional risks when compared to conventional liquid fuels such as LNG, LPG, and methyl/ethyl alcohol, but it is possible to lower these risks by developing alternative and additional requirements to the existing IGC Code, according to a new report by Korean Register.

ABS, Nanyang Technological University (NTU), Singapore, and the Ammonia Safety and Training Institute (ASTI) are collaborating on a study of the potential of ammonia for Singapore, exploring supply, bunkering, and safety challenges with the marine fuel.

An ABS-classed Suezmax tanker ordered by Avin International LTD, will be the first ammonia-fuel ready vessel in the world.

Blue ammonia will be the majority of future hydrogen transportation due to its lower production costs, in comparison to renewable ammonia, and how easily it can be transported compared with liquified hydrogen, according to HSBC.

The ShipFC project was granted funding from EU’s Research and Innovation program Horizon 2020 under its Fuel Cells and Hydrogen Joint Undertaking (FCH JU), to secure a place for ammonia in the future of deep-sea shipping.

A partnership between Finnish technology group Wartsila and Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, has received funding support by the Norwegian government of 46.3 million NOK (4.4 million EUR), to build the world's first green ammonia-fueled tanker. 

ABS issued a white paper analyzing the top three factors one should consider when utilizing ammonia as a marine fuel. keeping in mind that ammonia has been in the spotlight lately as an alternative fuel for the shipping industry.

Saudi Arabia, UAE and IEA are discussing with the Japanese goverment on how to promote the use of ammonia into the fuel mix for thermal power generation as well as for shipping from the late 2020s.

With the shipping industry exploring alternative fuels and the case of ammonia as a green and sustainable fuel, Norway’s chemical and fertilizer company Yara announced plans for full-scale green ammonia project.