Thai national energy company PTT and operator and owner of maritime transportation assets and specialised services AET on Wednesday (28 September) have signed a Memorandum of Understanding (MoU) for the development and construction of two zero-emission Aframaxes to be powered by green ammonia.
Jointly PTT and AET are taking the lead to encourage the use of green ammonia as a main propulsion fuel. AET will select a suitable shipyard and the two zero-emission dual-fuel tankers are to be delivered to PTT for long-term charters in Q4 2025 and Q1 2026 respectively.
This MOU sets another clear signal of PTT’s and AET’s commitment to reduce Greenhouse Gas (GHG) emissions from international shipping as energy efficiency improvements alone will not be sufficient.
Mr Disathat Panyarachun, SEVP, International Trading Business Unit, PTT, said: “PTT is very pleased to sign MOU with AET, a member of the MISC Group, for our study to develop the first net-zero emission Aframaxes as we are both aligned that the global shipping community must act now and we see green ammonia powered vessels as one of the pathways to achieve the decarbonisation goals.”
“This latest partnership underscores PTT’s vision of Powering Life with Future Energy and Beyond and the great importance we place on the development toward low carbon society and investment in clean energy as well as our long-term strategy to achieve carbon neutrality and net zero Greenhouse Gas (GHG) emissions.”
Capt. Rajalingam Subramaniam, AET President & CEO and MISC Group COO, said: “This MOU signing marks another significant milestone in our growing partnership with PTT as we both place great importance on driving the shipping decarbonisation journey ahead of 2050.
“Our collaboration with PTT also goes beyond these first two net-zero green ammonia powered Aframaxes. As like-minded partners, this MOU provides an avenue to work together on the design, safety and operational aspects as well as reskilling of mariners as part of the deliverables prior to the potential investment in this innovative project to meet the 2050 environmental agenda earlier than later.”
“Providing the much-needed boost to create a green ammonia corridor in Southeast Asia would be another desired outcome of this MOU. For us, this collaboration with PTT will be complementary to the Castor Initiative, a multinational coalition championed by MISC and its Castor partners committed to make zero-emission in shipping a reality.”
“With these latest net-zero vessels, AET is contributing further to the development of sustainability shipping to meeting the IMO’s 2030 Greenhouse Gas (GHG) intensity reduction agenda and our commitment across the MISC Group to net-zero GHG emissions by 2050.”
Photo credit: AET
Published: 30 September, 2022
Incident took place at 0440 hrs during offshore bunkering operations in Anchorage 1 of the Port of Nqura.
Deadline to submit a proof of debt for parties claiming to be creditors of the company is scheduled to take place on 31 December 2021 before 5:00 pm.
Sinopec Fuel Oil Sales Co., Ltd., Sinopec Zhejiang Zhoushan Petroleum Co., Ltd., and Sinopec Fuel Oil (Singapore) Pte. Ltd. involved in the development.
BIMCO’s Chief Shipping Analyst Niels Rasmussen looks at the price spread between HSFO and VLSFO and the advantage of having a scrubber installed.
Sinfeng Marine Services filed an application to the Court of Appeal to withhold information from the liquidators on October 2019; the appeal was dismissed a month later.
Loading products from Bostco oil terminal and supplying all grades of marine fuels from two bunker barges.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
