Alliance to build ammonia-fuelled tanker

Ammonia is just one of the pathways towards zero-carbon emitting vessels. The partners believe that the creation of such alliances will send a clear message that shipping can progress ahead of regulatory action.

Joon Ou Nam, president and chief executive of SHI, said, “We all know that the industry–wide movement is vital, and new zero-carbon fuel technologies, such as ammonia fuel, are to be brought to the table in order to take action proactively on maritime GHG emissions in accordance with the IMO’s ambitious road map.”

“As we start the 2020s we are proud to be among a four-party team to make deepsea Zero-Emission Vessels (ZEVs) a reality within this decade,” added Nick Brown, marine and offshore director, Lloyd’s Register. “These are exciting times as we commence the industry’s fourth propulsion revolution.”

The drive to decarbonise shipping will be a dominant focus of the decade ahead and follows a year of action in 2019 that saw the launch of Getting to Zero Coalition, an alliance of leading maritime, energy, infrastructure and finance companies committed to getting commercially viable deep-sea ZEVs into operation by 2030.

Decarbonisation was also a key talking point during the Global Maritime Forum held in Singapore in October 2019 where more than 220 industry leaders convened to discuss the challenges facing the shipping industry.