EPS to order ammonia transporter from Hyundai Heavy
Singaporean shipping company Eastern Pacific Shipping (EPS) intends to order a dual-fuel ammonia gas carrier to be built at Korea’s Hyundai Heavy Industries shipyard.
Eastern Pacific Shipping, the Maritime and Port Authority of Singapore (MPA), Hyundai Heavy Industries (HHI) and the American Bureau of Shipping (ABS) have signed a memorandum of understanding for this ocean-going dual-fuel ammonia tanker.
The vessel will be registered under the Singaporean flag. ABS will class her and she will be the first vessel to be fitted with a MAN Energy Solutions G60 two-stroke dual-fuel ammonia engine.
The use of ammonia as an alternative marine fuel holds great promise as it eliminates CO2 emissions, which constitute the vast majority of global GHG emissions. However, there is no commercially available engine on the market today that can use ammonia as a marine fuel.
Ammonia-ready vessels currently on order will be able to switch to other alternative marine fuels, but will still require major engine upgrades once ammonia engines become commercially accessible.
This MoU demonstrates that a commitment from various partner organizations is needed to accelerate decarbonization efforts.
EPS CEO Cyril Duceau said: “We believe our industry will need to rely on multiple solutions to steadily reduce and eventually eliminate emissions. This is why it is essential for us to constantly invest and develop various alternative marine fuels in order to offer the right solution to the right segment at the right time. Using ammonia as a marine fuel is the next logical step for EPS and the industry. I am happy that EPS, MPA, HHI and ABS have come together for what is sure to be a pivotal moment in our energetic transition.”
general manager of AMP Quah Ley Hoon added: “EPS’s decision to register its new ammonia gas carriers under the flag of Singapore marks an important milestone on our journey to green expedition.”
The MoU stipulates that the dual-fuel ammonia carrier could be either a mid-size gas carrier(s), a large gas carrier(s), or very large gas carriers. It could be delivered as early as 2025.