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Large-Scale Ammonia Bunkering Unlikely Until Early 2030s: DNV
Large-scale take-up of ammonia as an alternative bunker fuel is unlikely to emerge until the early 2030s, according to classification society DNV.
The company made the forecast in a post setting out the challenges for ammonia-fuelled shipping on its website this week.
"DNV expects the first ammonia-fuelled vessels to hit the water in the second half of this decade, but large-scale uptake of this technology is not expected until the early 2030s," the company said.
The first ammonia-fuelled engines are likely to be installed on ammonia tankers, with bulkers and container ships following at a later date, according to DNV.
Ammonia is widely expected to take up a large share of the marine energy mix in future decades, but significant safety and technical hurdles will need to be addressed first. DNV is leading a study in Singapore into the safety aspects of ammonia bunkering.
To achieve optimum combustion, ammonia bunker blends are likely to consist of 95% ammonia mixed with 5% MGO, according to DNV, with the gasoil component possibly being replaced by biofuel at some point.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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