The Copenhagen-based Global Maritime Forum (GMF) has completed a study that concludes ammonia-powered gas carriers could compete effectively as soon as 2026.
The findings are based on a route from the US Gulf Coast to northwestern Europe. The route has been approved in principle by DNV, a classification society and expert in assurance and risk management. The ship would fuel only in the US, and make the most of subsidies from the US government via the Inflation Reduction Act (IRA), and the EU’s Fit for 55 measures. So, not subsidy-free!
The design is completed and could be used for a shipyard tender.
Gas carriers are important today because of the Ukraine War sanctions and actions by the EU to eliminate gas imported from Russia. The EU is now a prominent destination for US export gas.
Paul Bartlett | Sep 01, 2023
Ammonia-fuelled gas carriers could compete effectively by 2026
Supply Chain and Logistics 