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COSCO SHIPPING Secures Approval for New Ammonia-Powered Vessels

On 30th October 2024, COSCO SHIPPING Energy, in collaboration with COSCO SHIPPING Heavy Industry, secured independent Approval in Principle (AIP) for the design of a 50,000 cubic meter ammonia dual-fuel carrier. This endorsement came from three leading classification societies: ABS, CCS, and DNV.

This milestone reflects COSCO SHIPPING Energy’s comprehensive advancement in ship design and alternative fuel technology. The company now boasts full coverage in ship type applications and technical reserves for LNG, methanol, and ammonia fuels, alongside carbon capture technology.

Green Innovation and Efficiency
The newly approved vessel features cutting-edge green and low-carbon technology, emphasizing safety, energy efficiency, and robust cargo capacity. Notably, the design enhances cargo hold volume by approximately 1% at the same scale and reduces daily fuel consumption by about 0.5 tons at equivalent speeds. Primarily intended for ammonia transport, the carrier also supports simultaneous LPG cargo handling.

Equipped with an advanced ammonia dual-fuel system, the vessel is engineered to achieve net-zero carbon emissions, setting a high international standard in both performance and cargo capacity.

Advancing Green Energy Logistics
This innovative design provides a practical framework for integrating alternative fuels into maritime operations, enabling efficient cross-regional transportation of green energy resources. COSCO SHIPPING Energy emphasized its commitment to fostering a global green energy ecosystem, including logistics and application scenarios for the industry.

To date, the company has operationalized one LNG dual-fuel VLCC and placed orders for three 114,000-dwt Aframax methanol dual-fuel crude oil carriers. This latest development marks another significant step in COSCO SHIPPING’s journey towards sustainable shipping and decarbonized global logistics.

Source: Container News