ITOCHU Corporation, the Maritime and Port Authority of Singapore, Nihon Shipyard Co., Ltd. and Nippon Kaiji Kyokai have all signed a Memorandum of Understanding (MoU) for a joint study for the design and safety requirements of ammonia-fueled ships that ITOCHU and partners are developing.
In accordance with the “Integrated project for development and social implementation of ammonia-fueled ships,” which was adopted under the “Green Innovation Fund Project / Next generation Ship Development / Development of ammonia fueled ships,” a project publicly offered by New Energy and Industrial Technology Development Organisation (NEDO) in October 2021, the 200,000 deadweight tonne class bulk carriers will be built by Nihon Shipyard with an ammonia dual-fueled engine by applying the Alternative Design Approval process. The parties involved in this Memorandum of Understanding will negotiate the required clarifications of the specification for Ammonia-Fueled Ships to conduct Ammonia Bunkering in Singapore in order to commercialise Ammonia-Fueled Ships.
Ammonia is becoming a more a feasible marine fuel option for the maritime industry’s decarbonisation. In order to deploy ammonia-fueled ships in the world, it is necessary to have a conversation about specifications for these ships with all relevant governmental bodies. The government agency in charge of the busiest bunkering hub in the world, MPA, is one of the parties to the MoU. They will examine and offer feedback on the designs of the ammonia-fueled ships to guarantee their safe operation.
ITOCHU is pursuing a policy of “enhancing its contribution to and engagement with the SDGs through business activities” and has presented a new management policy titled “The Brand-New Deal: Profit opportunities are shifting downstream.” ITOCHU will continue to contribute to the realisation of a decarbonised society and sustainable local communities, as well as to the lessening of the burden on the global environment, while listening to all stakeholders, including the market, society, and consumers.
If you are interested in meeting with shipyards progressing with global sustainability targets, contact us to learn about MTB Shipyards.
