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Ammonia

ITOCHU targets India-sourced green ammonia for bunkering in Singapore

Company will utilise the green ammonia supplied from L&T Energy GreenTech’s proposed facility in Kandla to support its bunkering operations in Singapore and other locations.

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ITOCHU targets India-sourced green ammonia for bunkering in Singapore

L&T Energy GreenTech (LTEGL), a wholly-owned subsidiary of India’s engineering giant Larsen & Toubro, recently signed a long-term partnership with ITOCHU Corporation for the supply of green ammonia. 

Under the partnership, LTEGL will supply ITOCHU, on a captive long-term take-or-pay basis, 300,000 metric tonnes (mt) of green ammonia per annum from its proposed production facility at Kandla, Gujarat.

ITOCHU will utilise the green ammonia supplied from Kandla to support its expanding green bunkering applications, aligned with its strategy to develop a global green ammonia ecosystem across key maritime trade routes. 

Through this partnership with LTEGL, supplies from Kandla are expected to support ITOCHU’s bunkering operations in Singapore and other locations, enabling the early adoption of green ammonia as a next-generation marine fuel.

“Singapore, one of the world’s leading marine fuel hubs, is emerging as a critical centre for ammonia bunkering. This represents an important step towards decarbonising the maritime sector and supports the growing adoption of low-carbon fuels in shipping,” LTEGL said. 

The long-term agreement was signed by Derek M Shah, CEO & MD, LTEGL, and Hiroyuki Tsubai, EVP, Member of the Board and President – Machinery Company, ITOCHU Corporation, at ITOCHU’s headquarters in Tokyo. 

This latest agreement builds on the Joint Development Agreement (JDA) between the two companies signed in July 2025 and marks a significant progression in the partnership – from joint development to securing long-term demand. It reinforces the collaboration between LTEGL and ITOCHU, and advances the shared vision of establishing a globally competitive green ammonia value chain.

The agreement also reinforces LTEGL’s strategy to scale its green hydrogen and derivatives platform, positioning Kandla as a strategic export hub for low-carbon fuels. In line with India’s National Green Hydrogen Mission, the project supports the country’s ambition to become a leading exporter of green energy derivatives.

Subramanian Sarma, Deputy Managing Director & President – L&T, said: “The agreement with ITOCHU is a significant step in translating L&T’s clean energy ambitions into large-scale, bankable projects. By securing long-term demand through a reputed global partner like ITOCHU, we are strengthening the commercial foundation of our green ammonia platform, while contributing meaningfully to global decarbonisation”.

Hiroyuki Tsubai, Executive Vice President, Member of the Board, and President – Machinery Company, ITOCHU Corporation, said: “Establishing a reliable and scalable supply of green ammonia is critical to accelerating its adoption as marine fuel. Our partnership with LTEGL provides a strong and credible supply base, enabling us to expand our bunkering business and support the shipping industry’s transition towards low-carbon operations”.

 

Photo credit: L&T Energy GreenTech
Published: 30 April, 2026

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Ammonia

ENOVA-backed ammonia bunkering projects progress as planned, says Azane

Company remains committed to delivering all three terminals in line with the ENOVA plan, with the ambition of having them operational by 2029.

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ENOVA-backed ammonia bunkering projects progress as planned, says Azane

Azane Fuel Solutions subsidiary Azane Infrastructure AS on Tuesday (16 June) confirmed that it is continuing all three ENOVA-supported ammonia bunkering terminal projects and is moving forward with delivering the projects in accordance with the agreed plan and timeline.

The company said the projects represent a major step toward making ammonia a viable zero-carbon fuel option for vessels engaged in both coastal and offshore operations. At the same time, they mark the first major step toward establishing a clean ammonia fuel bunkering network along the Norwegian coast.

“By moving forward with the terminals at Florø, Stavanger and Mongstad, Azane is demonstrating its commitment to executing the ENOVA-supported projects and building the infrastructure required for the maritime energy transition,” the company said. 

The company remains committed to delivering all three terminals in line with the ENOVA plan, with the ambition of having them operational by 2029 to support growing demand for clean ammonia fuel in shipping.

“We are continuing all three projects with full commitment and in close alignment with the plan agreed with ENOVA,” said Steinar Kostøl, CEO of Azane Infrastructure AS. 

“These terminals are not only important individual projects – they are the first major step toward establishing a clean ammonia fuel bunkering network and enabling zero-carbon shipping along the Norwegian coast and beyond.”

 

Photo credit: Azane Fuel Solutions
Published: 18 June, 2026

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Bunker Fuel

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

4.55 million mt of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt recorded during the similar month in 2025, according to MPA data.

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Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Sales of marine fuel at Singapore port dropped by 6.8% on year in May 2026, according to data from the Maritime and Port Authority of Singapore (MPA).

In total, 4.55 million metric tonnes (mt) (exact 4,548,000 mt) of various marine fuel grades were delivered at the world’s largest bunkering port in May, down from 4.88 million mt (4,878,100 mt) recorded during the similar month in 2025.

Deliveries of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May (against on year) recorded respectively 1.79 million mt (-5.3% from 1.89 million mt), 2.29 million mt (-6.5% from 2.45 million mt), zero (-100% from 1,200 mt), 600 (35.2% from 1,700 mt) and zero (from zero).

Singapore: Bunker fuel sales drops by 6.8% on year in May 2026

Bio-blended variants of marine fuel oil, low sulphur fuel oil, ultra low sulphur fuel oil, marine gas oil and marine diesel oil in May, (against on year) recorded respectively 11,600 mt (-71.6% from 40,900 mt), 36,400 mt (-62.1% from 96,100 mt), zero (from zero), zero (from zero) and zero (from zero). B100 biofuel bunkers, introduced in February last year, recorded 12,800 mt (+573.7% from 1,900 mt). 

LNG and methanol sales were 70,300 mt (+56.2% from 45,000 mt) and zero (from zero) respectively. There were no recorded sales of ammonia for the month and so far since 2025.

 

Photo credit: Maritime and Port Authority of Singapore
Published: 15 June, 2026

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Alternative Fuels

DNV data shows shift in alternative-fuelled vessel ordering patterns

DNV says shipowners are adopting more varied fuel strategies, reflecting a growing emphasis on optionality, regulatory compliance and risk management in long-life vessel investments.

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DNV data shows shift in alternative-fuelled vessel ordering patterns

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform showed a total of 36 new orders for alternative-fuelled vessels were placed in May 2026.

Activity was primarily driven by LPG/ethane carriers, which accounted for 26 of the orders. A further eight LNG-fuelled vessels were ordered, including six container vessels and two car carriers, alongside two ethanol-fuelled bulk carriers.

So far in 2026, a total of 119 orders have been placed for alternative-fuelled vessels. Of these, LNG-fuelled vessels (60) account for the largest share of the orderbook, with the majority of these (42) coming from the container segment, and a smaller share (12) from car carriers.  

A further 50 orders have been placed for LPG/ethane carriers, while activity in other fuel types remains limited, with orders for methanol/ethanol (4), ammonia (4), and hydrogen (1).  

By the end of May, the share of alternative-fuelled vessels in total tonnage was notably lower than over the same period in 2025.

DNV data shows shift in alternative-fuelled vessel ordering patterns

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “While the pace of alternative-fuelled contracting has varied compared to 2025, the industry continues to move forward in its transition, with owners advancing fuel and technology decisions against a backdrop of evolving regulatory and market conditions.  

“As in previous years, ordering of alternative-fuelled vessels has been led by the container segment, but dynamics are shifting. While activity remains strong, the focus has moved towards smaller vessels, with fewer very large container ships, which are historically more likely to adopt alternative fuels, being ordered. At the same time, we are seeing increased activity in tanker and bulker segments.  

“What is also becoming clearer is that fuel choice is no longer approached as a single bet. Owners are increasingly treating it as a portfolio decision, managing fuel optionality, timing of investment, and exposure to future regulation as they navigate long-life asset decisions.

“This is reflected in more varied ordering patterns, reinforcing that the transition is not progressing in a straight line.”

 

Photo credit: DNV
Published: 5 June, 2026

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