As the trend to develop green fuels for shipping accelerates, an increasing number of projects are looking to develop ammonia as a serious option for industry.
The latest MoU will see PaxOcean focus on developing ammonia-powered vessel and bunker tanker designs, with BV verifying compliance and providing technical expertise, and Hong Lam providing operational data and validating the design for business operations.
Tan Thai Yong, CEO of PaxOcean said, “It gives me great pleasure to share that we are adding a new fuel segment to our R&D focus by co-creating ammonia-based vessel solutions with forward-looking and responsible companies. such as Hong Lam Marine and Bureau Veritas.
Together, we look forward to contributing to the development and design of the ammonia bunker vessel as we focus on our long-term social and environmental responsibilities.
Caroline Yang, General Manager of Hong Lam Marine, said: “Together, we look forward to contributing to the development and design of the ammonia bunker vessel as we focus on our long-term social and environmental responsibilities.
The project has been well received by the Maritime & Port Authority of Singapore (MPA), regulator of the world’s largest bunker port. “As a major bunkering hub, this forward-looking collaboration aligns with our maritime decarbonization efforts to be ready for a transition from multi-fuel bunkering to support the future of shipping. international,” said Quah Ley Hoon, managing director of the MPA.
Singapore is involved in a number of other ammonia fuel-related projects, including with the Global Center for Maritime Decarbonization (GCMD) and the Castor Initiative.
Mr. David Barrow, Vice President, South Asia Zone, Bureau Veritas Marine & Offshore commented: “Ammonia has great potential as a carbon-free marine fuel and can play an important role in helping shipping achieve its decarbonization goals, but to realize this potential more work is needed to overcome the security and operational challenges.”