Eastern Pacific Signs MOU for Industry’s First Ammonia-Fueled Vessel
Seeking to get ahead of the industry and encourage other shipping companies to follow their lead, Eastern Pacific Shipping of Singapore has announced plans to place the first such order for an ocean-going dual-fuel ammonia gas tanker. The company signed a memorandum of understanding at the launch of the Posidonia conference involving a consortium of industry leaders to deliver the first ammonia-powered vessel as early as 2025.
Eastern Pacific Shipping has committed to ordering the ship, which will be built by South Korea’s Hyundai Heavy Industries. The plan calls for the vessel to be the first vessel to be fitted with the MAN Energy Solutions G60 two-stroke dual-fuel ammonia engine. The American Bureau of Shipping and the Maritime and Port Authority of Singapore also joined the project, with the companies saying they shared the goal of supporting the ship’s development and seeing it through to accelerate decarbonization efforts. in the maritime industry.
“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,” said Cyril Ducau, CEO of EPS.
The use of ammonia as an alternative marine fuel holds great promise as it eliminates carbon dioxide emissions, which make up the vast majority of global greenhouse gas emissions. However, there is no commercially available engine on the market today that can use ammonia as a marine fuel.
“Using ammonia as a marine fuel is the next logical step for EPS and the industry. I am pleased that EPS, MPA, HHI and ABS have come together for what is sure to be a pivotal moment in our energy transition. “said Ducau.
The companies pointed out that several efforts are underway for “ammonia-ready ships”, with several shipping companies having already ordered ships that will be able to switch to ammonia from other alternative marine fuels. However, they noted that they will still need a major engine upgrade once ammonia engines become commercially accessible.
Today’s announcement was designed to show that a willingness to invest in and develop various emission-reducing alternative marine fuels, such as ammonia, is needed to create pathways for wide-scale adoption. The MoU states that the dual-fuel ammonia tanker, or possibly multiple vessels, could be a mid-size gas carrier, a large gas carrier or a very large gas carrier and could be delivered as early as 2025. ABS will classify the vessel and Singapore will serve as the Flag State accepting the innovative vessel into its registry.
Eastern Pacific deploys a diversified strategy exploring a wide range of solutions in order to achieve the ultimate goal of eliminating carbon emissions. The company conducted a logging distance test with biofuel in 2020 and introduced ships with new fuel systems, including its first LNG-powered bulk carriers. Just two weeks ago, EPS took delivery in South Korea of the first of six Very Large Ethane Carriers (VLECs) built with dual-fuel ethane propulsion. They also recently announced plans to retrofit two MR tankers with carbon capture systems, making them the largest ocean-going vessels equipped with carbon capture technology to date.