Mitsui OSK Lines (MOL) has entered into an agreement with Namura Shipbuilding and Mitsubishi Shipbuilding to jointly develop a large-size ammonia carrier that will operate on ammonia fuel.
Being a clean source of energy, ammonia is projected to witness a growth in demand in the near future.
In Japan, the yearly demand for ammonia is predicted to reach three million tonnes by the year 2030 and 30 million tonnes by 2050, stated MOL.
Considering this, MOL will work on the development of a large-size...