World News
Wärtsilä Launches First 4-Stroke Ammonia-Fuelled Engine
Engineering firm Wärtsilä has launched its first 4-stroke engine capable of running on ammonia.
The company's ammonia solution is now commercially available as part of the Wärtsilä 25 engine platform, it said in an emailed statement on Wednesday.
Viridis Bulk Carriers -- a partnership between Amon Maritime, Mosvolds Rederi and Navigare Logistics -- is planned to be the first shipowner taking on the new system.
The firm signed a letter of intent with Wärtsilä earlier this month targeting the signing of a commercial contract early next year.
"Wärtsilä is a leader in shaping the decarbonisation of marine and energy industries," Håkan Agnevall, CEO of Wärtsilä, said in the statement.
"This industry-leading solution is yet another flagship moment in Wärtsilä's extensive programme to ensure future marine fuels are both viable and safe.
"Working in partnership with Viridis Bulk Carriers, we take the next step in our decarbonisation journey, enabling the transition to greener fuels and accelerating towards net-zero emissions shipping."
Ammonia is widely expected to take up a significant share of future marine energy demand because of its lack of associated carbon emissions. But further research and development work will need to be completed first looking into how its toxicity can be managed when handling it as a bunker fuel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 615.50 | 2.00 | 751.00 | 3.00 |
| Rotterdam | 561.00 | 2.00 | 771.00 | 3.00 |
| Houston | 591.50 | 3.50 | 766.00 | 1.50 |
| Fujairah | 611.50 | 1.50 | 860.50 | 0.50 |
| Global 20 Ports Average | 628.50 | 1.50 | 817.50 | 3.00 |
| Global 4 Ports Average | 595.00 | 2.50 | 787.00 | 1.50 |
| Global Average Bunker Price | 672.00 | 0.00 | 876.50 | 1.00 |
Popular Now More
-
Jun 24While for previous editions it has taken several years for new ISO specifications to be used widely in bunker deals, a much faster turnaround is expected this time. -
Jun 24The new hire had previously worked as a bunker trader for KPI OceanConnect from June 2023 to last month. -
Jun 24Fabio Scamuzzi will serve as director of sales and marketing and Matteo Morciano as director of operations in the new office.