On August 6th, NYK Line, Japan Marine United Corporation, and Nippon Kaiji Kyokai (ClassNK) signed a joint R&D agreement for the commercialization of an ammonia-fueled ammonia gas carrier (AFAGC) that would use ammonia as the main fuel, in addition to an ammonia floating storage and regasification barge (A-FSRB).
Background
Since carbon dioxide (CO2) is not emitted when ammonia is burned, it is viewed to have promise as a next-generation fuel that could mitigate shipping’s impact on global...