U-Ming Singapore and ITOCHU ink MoU to explore ammonia dual-fuel bulk carriers
- Published
by Admin
U-Ming Marine Transport (S) Pte Ltd (U-Ming), a subsidiary of Taiwanese-listed U-Ming Marine Transport Corporation, on Friday (22 March) announced that it has signed a Memorandum of Understanding (MoU) with ITOCHU Corporation to explore discussions on jointly owning and operating ammonia dual-fuel bulk carriers.
In addition to this, U-Ming is presently undertaking feasibility studies regarding the installation of rotor sails, carbon capture system and the retrofitting of traditional oil fuel systems to methanol dual-fuel on its fleet.
The MoU signing is part of ITOCHU’s “Integrated Project”, which aims to lower greenhouse gas emissions by developing ammonia dual-fuel ships and establishing a global ammonia supply chain with industry partners.
This will further enable ITOCHU to accelerate the construction of sustainable energy systems, contribute to the realisation of a low-carbon society, and reduce the burden on the global environment.
The MoU also outlined the exploration and implementation of other maritime emission lowering solutions such as the use of alternative bunker fuels like methanol and various energy saving devices.
U-Ming currently owns and operates a diverse fleet of vessels including Capesize, Panamax, Post Panamax, Supramax, Ultramax, Cement Carriers, Very Large Crude Carriers (VLCCs), Very Large Ore Carriers (VLOCs) and Crew Transfer Vessels (CTVs) for offshore wind farms.
U-Ming’s fleet now comprises 72 vessels with a total deadweight of 8.77 million tons. The company has subsidiaries in Singapore, Hong Kong, and Xiamen; including U-Ming Marine Offshore Company Ltd. focusing on green energy transportation.
Photo credit: Scott Graham on Unsplash
Published: 22 March 2024
