K Line, ITOCHU and partners join forces on ammonia-powered bulkers

G2 Ocean plans to expand its fleet to ten by adding two 82,300 dwt ammonia/methanol-ready vessels, to be delivered in 2028 and 2029.

ITOCHU, ClassNK, Nihon Shipyard, and Singapore’s MPA signed an MoU to jointly study the design and safety of ammonia-fueled ships.

Cape Hayate, a 210,000 dwt LNG-fueled bulker with a dual-fuel engine, was delivered to K Line, reducing CO2 by 25-30%, SOx by nearly 100%, and NOx by 75%.

Oceania Marine Energy and Hexagon Energy Materials plan to develop a low-emissions ammonia bunkering in Dampier, WA, to decarbonise iron ore exports.

BHP plans to launch its first ammonia-fueled ship by 2026, evaluating eight firms for construction, and awaiting cost assessments, while ammonia engines are expected by 2025.

U-Ming Marine and Itochu Corporation to explore joint ownership and operation of ammonia dual-fuel bulk carriers.