World News
NYK Designs Ammonia-Ready LNG-Fuelled Vessel
Japanese shipping company NYK and Finnish consultancy Elomatic have completed the design of an LNG-fuelled vessel designed to be retrofitted to ammonia propulsion.
The two firms have made versions of the design suitable for a pure car carrier and a post-panamax bulker, NYK said in a statement on its website this week.
In the first half of this year the companies will develop a similar design suitable for a capesize bulk carrier and a VLCC.
"This project will be completed when the actual ship design is completed," NYK said in the statement.
"Afterward, we will propose to customers and business partners a transportation service that can transition trouble-free from an LNG-fuelled vessel to an ammonia-fuelled vessel through use of an ammonia-ready LNG-fuelled vessel (ARLFV).
"We plan to offer customers ARLFV contracts in 2023 and aim to complete building the first ARLFVs in 2025."
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| VLSFO | MGO | |||
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| $/mt | +/- | $/mt | +/- | |
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