FLEET managing director, Kishore Rajvanshy [Photo: Hong Kong Maritime Hub]
Hong Kong’s Fleet Management has today joined with American Bureau of Shipping, A.P. Moller – Maersk, Fleet Management Limited, Georgia Ports Authority, Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, Savage Services, Sumitomo Corporation and TOTE Services in the execution of a Memorandum of Understanding.
Under the terms of the MoU the parties will be pioneers in establishing a comprehensive and competitive supply chain for the provision of green ammonia ship-to-ship bunkering on the US East Coast.
The Study will be conducted at the Port of Savannah, the third busiest gateway for containerized trade in America.
Ammonia, which does not emit CO2 when combusted, is considered one of the most promising alternative marine fuels to reduce greenhouse gas direct emissions within the shipping industry. This aligns with the current International Maritime Organization strategy to halve emissions by 2050, which is currently under revision and will hopefully become a strategy for achieving net zero emissions by 2050. Ammonia produced solely from renewable sources, also known as “green ammonia,” is carbon-free and can deliver great environmental benefits.
The Port of Savannah, home to Garden City Terminal, the largest single container terminal in the US, has the ability to serve numerous ammonia-fuelled Ultra Large Container Ships, which could lead to fast and high-efficient decarbonization in the container shipping industry.
The Study aims to cover the entire end-to-end supply chain of ammonia bunkering, which includes the development of a cost-effective green ammonia supply chain, the design of an Ammonia Bunkering Articulated Tug-Barge (AB-ATB), as well as related supply chain infrastructure. In addition, safety assessments are critical to formulate standards for use of ammonia as a marine fuel. Relevant government agencies and experts in the US will be engaged in working towards the standardization of safe operations and regulations.
Kishore Rajvanshy, managing director at Fleet Management said: “We’re delighted to be contributing our technical expertise to this green ammonia study. As the world’s second largest ship manager, we’re committed to supporting our clients on their green energy transition journey, and in recent years have built our capabilities in designing dual fuel vessels and conducting safe and reliable ammonia bunkering. This aims to benefit not just our clients, but the decarbonisation pathway for the broader shipping industry.”
Source: Hong Kong Maritime Hub
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