World News
Bureau Veritas Launches New 'Ammonia-Prepared' Standard for Ships
Classification society Bureau Veritas has developed a new standard for ships designed to be capable of being retrofitted to ammonia-fuelled propulsion at a later date.
The organisation's ammonia-prepared notation "targets the spaces and structural components that will accommodate future ammonia fuel tanks, fuel handling equipment and ammonia vapor treatment installations," it said in an emailed statement on Tuesday.
The move follows a similar notation announced by ABS earlier this year.
The notation meets demand from shipowners keen to show willingness to shift to zero-carbon fuels at a later date but unwilling to order tonnage running on these fuels now before their supply chains have matured.
"Ammonia is considered a key fuel on the road to the IMO's 2030 and 2050 GHG and carbon reduction targets," Laurent Leblanc, senior vice president for technical and operations at Bureau Veritas, said in the statement.
"We are working to advance its safe development and are currently involved in joint industry projects to assess the risks of ammonia.
"The release of these new notations is a major step to help ship-owners, designers, shipyards and charterers make progress in their sustainability journeys and inform their future investments."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 570.00 | 1.00 | 683.00 | 2.50 |
| Rotterdam | 515.50 | 1.00 | 685.00 | 7.50 |
| Houston | 555.00 | 1.00 | 678.00 | 1.00 |
| Fujairah | 563.00 | 2.00 | 754.50 | 0.50 |
| Global 20 Ports Average | 587.50 | 1.50 | 765.00 | 0.50 |
| Global 4 Ports Average | 551.00 | 1.00 | 700.00 | 1.00 |
| Global Average Bunker Price | 634.50 | 1.00 | 812.50 | 1.00 |
Popular Now More
-
Nov 26The new hire previously worked as a bunker trader for IBT Bunkering & Trading in Hamburg. -
Nov 21CCO Christoffer Berg Lassen is stepping down from the company to be replaced by Anders Grønborg, while Peder Møller becomes its first chief operating officer. -
Nov 25The organisation has been focused on developing a standard clause that is workable for most scenarios and commercial relationships, following feedback from industry consultations.