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Maritime stakeholders convene to accelerate development of Australia-East Asia Iron Ore Green Corridor

Group will assess the success factors for the Corridor’s development – including ammonia fuel production, bunkering, potential commercial structures, amongst others.

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The Global Maritime Forum on Thursday (3 November) said representatives from leading maritime and energy organisations convened in Sydney in October with the aim of accelerating the development of a green corridor for transportation of iron ore between Australia and East Asia (the Australia-East Asia Iron Ore Green Corridor) and identifying key actions to fuel the clean shipping of iron ore by matching emerging clean ammonia supply with industry demand.

In June 2022, 13 members of the Getting to Zero Coalition and leading Australian shipping and energy stakeholders formed a taskforce, convened and chaired by the Global Maritime Forum, to support the development of the Australia-East Asia Iron Ore Green Corridor. Maritime green corridors are routes on which the development and deployment of net-zero-emission shipping solutions [such as clean ammonia as a shipping fuel] are enabled by private and public actions.

As a part of the taskforce’s objective to accelerate the development of the Australia-East Asia Iron Ore Green Corridor the group came together for an in-person roundtable in Sydney to launch a dialogue between future fuel suppliers, ship owners, cargo owners and investors, and identify and agree upon industry action areas that should be prioritized to match clean ammonia supply with demand.

Hosted in association with Maritime Industry Australia Ltd (MIAL)’s Maritime Decarbonisation Summit, the roundtable also welcomed local stakeholders from clean energy finance, research, and consultancy sectors.

The roundtable participants included resource companies (BHP and Rio Tinto), shipping companies (Cargill, NYK Line, Oldendorff Carriers and Star Bulk), future fuel suppliers (Fortescue Future Industries, InterContinental Energy, Woodside Energy and Yara Clean Ammonia), as well as other important stakeholders (AMOG Consulting, Bureau Veritas, ClassNK, the Clean Energy Finance Corporation, Maritime Industry Australia Ltd, Scaling Green Hydrogen Cooperative Research Centre Bid, and Pilbara Ports Authority).

Several industry action areas were highlighted by Roundtable participants as key for matching clean ammonia supply with demand, including evaluating and quantifying fuel demand and supply, ensuring the safe handling of ammonia, and coordinating investments across the value chain. The participants also discussed challenges to the industry actions, including issues like cross-sector competition for clean fuels, the need for government support and public acceptance of ammonia as a fuel.

As a pathway towards establishing the Australia-East Asia Iron Ore Green Corridor, immediate next steps include the finalization of the ongoing assessment of clean ammonia fuel demand and supply. This will include assessing the success factors for the Corridor’s development – including fuel production, bunkering, potential commercial structures, and high-level regulatory and certification requirements – and their associated timeframes. The assessment, scheduled for publishing in early 2023, will be undertaken by a consortium led by the Global Maritime Forum in collaboration with BHP, Rio Tinto, Oldendorff Carriers, and Star Bulk.

In the longer term, strategic engagement with public and private sector actors in East Asia, including China, Japan and South Korea, will be critical as the counterpart to the work being undertaken by industry participants in Australia.

Global Maritime Forum’s Senior Program Lead on Decarbonization, and chair of the Roundtable, Marieke Beckmann, highlighted the need for public private dialogue to accelerate the Corridor’s development.

“There is significant and concrete interest in establishing the Australia-East Asia Iron Ore Green Corridor from industry. Coordination between the maritime and energy sectors is critical in order to overcome challenges and scale impact. Industry alignment is also important to enable strategic collaboration with the public sector, which could be the main difference-makers going to support first movers in bridging the cost gap for zero-emission fuels,” said Beckmann.

 

Photo credit: Chris Pagan on Unsplash
Published: 8 November, 2022

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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