World News
MAN Energy Expects to See Ammonia-Powered Ship Design by 2024
Tuesday January 14, 2020
The shipping industry can expect to see ammonia-powered vessel designs as early as 2024, according to technology company MAN Energy Solutions.
MAN is working with Dalian Shipbuilding Industry Co. on the design for an ammonia-fuelled container ship with cargo capacity of 23,000 twenty-foot equivalent units (TEU).
That project may be completed as soon as 2024, according to Brian Østergaard Sørensen, head of two-stroke research at MAN.
Ammonia is one of the alternative marine fuels being suggested as the shipping industry seeks to eliminate greenhouse gas emissions and move on from fossil fuel-based bunkers.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.00 | 6.00 | 762.00 | 5.50 |
| Rotterdam | 599.00 | 1.00 | 751.00 | 0.50 |
| Houston | 618.00 | 11.50 | 802.50 | 6.50 |
| Fujairah | 642.00 | 5.50 | 883.50 | 5.50 |
| Global 20 Ports Average | 661.50 | 3.50 | 859.00 | 5.00 |
| Global 4 Ports Average | 629.50 | 1.00 | 799.50 | 1.50 |
| Global Average Bunker Price | 719.00 | 3.50 | 915.00 | 7.50 |
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