As the move to develop green fuels for shipping gathers pace there are a growing number of projects seeking to develop ammonia as a serious option for the industry.
The latest MoU will see PaxOcean focusing on developing designs for ammonia powered vessels and bunker tankers, BV verifying compliance and providing technical expertise, and Hong Lam giving operational data and validate the design for commercial operations.
Tan Thai Yong, Chief Executive Officer of PaxOcean said: “It brings me great pleasure to share that we are adding a new fuel segment into our R&D focus by co-creating ammonia-based vessel solutions with forward looking and responsible companies like Hong Lam Marine and Bureau Veritas
Together, we look forward to contributing to the development and design of the ammonia bunker vessel as we focus on our long-term social and environmental responsibilities.”
Caroline Yang, Chief Executive of Hong Lam Marine, commented: “Together, we look forward to contributing to the development and design of the ammonia bunker vessel as we focus on our long-term social and environmental responsibilities.”
The project was welcomed by the Maritime & Port Authority of Singapore (MPA), regulator of the world’s largest bunkering port. “As a major bunkering hub, this forward-looking collaboration aligns with our maritime decarbonization efforts to be ready for a multi-fuel bunkering transition to support the future of International shipping,” said Quah Ley Hoon, Chief Executive of the MPA.
Singapore is involved with a number of other ammonia fuel related projects including with the Global Centre for Maritime Decarbonisation (GCMD), and the Castor Initiative.
MDavid Barrow, Vice President, South Asia Zone of Bureau Veritas Marine & Offshore commented: “Ammonia has great potential as a zero-carbon marine fuel and can play a significant role to help shipping reach its decarbonisation goals, but to fulfil this potential, more work is needed to overcome the safety and operational challenges.”