Yara partners with NYK for ammonia-fueled carrier

Since 2021, Yara Clean Ammonia and NYK have jointly studied the practical application of an ammonia-fueled ammonia gas carrier, and the companies have now concluded the world’s first time-charter contract for an AFMGC, the most popular type of vessel for the international maritime transportation of ammonia.

I am pleased to have concluded this charterparty which will give us great flexibility to manage carbon emissions and product carbon intensity. I look forward to a successful cooperation in operating this new technology to its best efficiency

… said Csaba Laszlo, Vice President Ammonia Trade & Shipping in Yara Clean Ammonia.

The use of an AFMGC aims to contribute to significantly reducing GHG emissions from marine transportation and developing an ammonia supply chain by providing a more environment-friendly means of ammonia transport as demand grows for ammonia use in the power sector, for marine fuel, and the like.

We are delighted to have concluded this time-charter contract with Yara Clean Ammonia, the world’s largest ammonia player, which has highly evaluated the AFMGC we develop with our partner companies as a next-gen fueled vessel. We will continue to work with Yara on building an ammonia supply chain from various aspects, not only in the maritime transportation of ammonia

… commented Hironobu Watanabe, Managing Executive Officer NYK.

Murali Srinivasan, Senior Vice President Commercial at Yara Clean Ammonia, stated that their successful collaboration with NYK not only enabled them to comply with future regulations related to CO2 emissions from sea-going vessels but also helped ensure that their customers could receive carbon-intensity compliant clean ammonia throughout their supply chain from well to wake.