World News
KR to Help Develop Ammonia Fuel Cells for Ships
Classification society KR has signed a deal to help develop ammonia-powered fuel cells for ships.
The company has signed a memorandum of understanding with Hanwha Ocean, Amogy, and Hanwha Aerospace to develop ammonia reformers and ammonia fuel cell systems, it said in an emailed statement on Thursday.
KR's work will focus on the technical collaboration and certification needed for the systems.
"This agreement brings us one step closer to the commercialization of eco-friendly ships using Amogy's ammonia-based fuel cell systems," Woo Seonghoon, CEO of Amogy, said in the statement.
"I believe multi-party collaboration is vital for the decarbonization of the shipping industry, and we will continue to do our best to ensure the safe introduction of ammonia and ammonia-based fuel cell systems into the ship market."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 630.50 | 3.00 | 770.50 | 5.50 |
| Rotterdam | 577.50 | 4.50 | 772.00 | 4.00 |
| Houston | 609.50 | 3.50 | 788.00 | 11.50 |
| Fujairah | 632.50 | 6.50 | 864.00 | 5.00 |
| Global 20 Ports Average | 638.00 | 0.50 | 849.00 | 4.50 |
| Global 4 Ports Average | 612.50 | 4.50 | 798.50 | 6.50 |
| Global Average Bunker Price | 678.50 | 3.00 | 904.50 | 3.50 |
Popular Now More
-
Jun 26The firm shut down its PSTV Cargo operation in the second half of the 2023/24 financial year, a company representative tells Ship & Bunker. -
Jun 26The firm is now offering B10, B20, B24 and B30 blends to ISO 8217:2024 specifications, a company representative tells Ship & Bunker. -
Jun 28Ankora Fuels will initially focus on MGO and ULSMGO deliveries by barge and truck in the Port of New York and New Jersey, co-founder John Barbarise III tells Ship & Bunker.