Japanese firms ink MoU on world’s first ammonia dual fuel Handymax bulker
- Published
by Admin
Japanese shipping firm NYK on Thursday (9 November) said NYK Bulk & Project Carriers Ltd. (NBP), Oshima Shipbuilding Co., Ltd. (Oshima) and Sumitomo Corporation (Sumitomo) signed a Memorandum of Understanding (MoU) to jointly study, design and construct the world’s first ammonia dual fuel Handymax bulk carrier.
The announcement comes after CODELCO, a Chilean state-owned company and one of the world’s biggest copper producers, and NBP signed a memorandum of understanding (MoU) in Singapore to jointly study the decarbonised transportation of copper products.
This would be the first of a fleet of 10 to 15 vessels dedicated to the transport of copper products that NBP would operate from Chile to the Far East. CODELCO and NBP want the vessel to be developed and built by Oshima, which is willing to study this project together with CODELCO and NBP.
Máximo Pacheco, Chairman of the Board, CODELCO, said: “For me, it is a great honor to be here and to see how far we have progressed over this short period. What was an ambitious idea less than one year ago is a reality today. At CODELCO, we have the duty to be a leader for more sustainable mining for our country, and this project is a great signal to the other actors as we work to make Chile the first country in the world to demonstrate how an energy transition and GHG emissions reduction are possible.”
Masashi Suda, President, NBP, said: “Based on the memorandum of understanding signed with CODELCO on November 24, 2022, NBP has been studying the decarbonization of the oceangoing transportation of copper products with the cooperation of all concerned parties.”
“After about a year of deliberations, NBP and CODELCO have concluded a memorandum of understanding with Oshima Shipbuilding for the research, design, and construction of a Handymax bulk carrier equipped with a dual-fuel engine that can use ammonia as fuel in addition to heavy oil. This is a concrete first step towards a decarbonized society for CODELCO and NBP. NBP will continue to contribute to global decarbonization together with its customers.”
Photo credit: NYK
Published: 10 November, 2023
