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Jurong Port reinforces Castor Initiative green fuels future as new global partner

‘We look forward to contributing to the success of The Castor Initiative and reinforcing Singapore as the world’s leading bunkering hub,’ says CEO of Jurong Port.

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The Castor Initiative – the multinational coalition consisting of MISC Berhad (MISC), Lloyd’s Register (LR), Samsung Heavy Industries (SHI), MAN Energy Solutions (MAN), the Maritime and Port Authority of Singapore (MPA) and Yara International ASA (Yara), on Wednesday (1 December) welcomed a new global partnership with Jurong Port.

The development is committed to make zero emission shipping a reality.

The announcement follows another key project milestone in September 2021 when LR awarded Approval in Principle (AiP) to SHI for its ammonia fuel supply and fuel storage system. SHI had earlier received an AiP in September 2020 for its ammonia-fuelled tanker design.

With Jurong Port, a provider of best-in-class multipurpose port services as the Castor Initiative’s latest partner, the multinational coalition will now have an even wider and diverse circle of maritime expertise to ensure and support the complete ecosystem required for their ammonia-fuelled tanker to operate sustainably on water. 

True to its firm commitment to reduce total carbon footprint, Jurong Port is home to the world’s largest port-based solar power generation facility as well as the world’s first green berths.

Jurong Port Chief Executive Officer, Mr. Ooi Boon Hoe, said: “We are delighted to be part of The Castor Initiative, which is determined to take concrete steps to meet IMO 2050 targets through the development and deployment of ammonia-fuelled ships.”

“As actions by the shipping industry in meeting the decarbonisation goals are gaining momentum, we recognize that there could be multiple pathways for future marine fuels. Being the operator of the busiest bunkering terminal in the world’s largest bunkering port today, Jurong Port is keen to facilitate the adoption of such future marine fuels, including Ammonia, by providing suitable supporting bunkering infrastructure. 

“We look forward to contributing to the success of The Castor Initiative and reinforcing Singapore as the world’s leading bunkering hub.”

MISC President and Group CEO, Datuk Yee Yang Chien, said: “We welcome Jurong Port to The Castor Initiative. The Castor Initiative is privileged to have another strategic enabler be part of our multinational alliance as we journey together to commercialize the development of our first ammonia-fuelled tanker by 2024.”

“It is without a doubt that Jurong Port’s diverse expertise and rich legacy of commercial success will be key to the sustainable operations of deep sea zero carbon emission vessels for the industry. We look forward to establishing further concrete industry milestones with all our partners as collaboration is a must and we hope that the Castor Initiative will inspire others to join forces to work together seamlessly to accomplish the industry’s GHG aspirations ahead of 2050.”

Nick Brown, LR CEO said: “The collective drive to decarbonise the maritime sector is gaining momentum and deep-sea zero-carbon vessels will be in operation by the middle of the decade. Collaboration among the Castor Initiative partners on an ammonia-fuelled tanker continues apace and we are delighted that Jurong Port has joined our development project and will support our efforts to deliver technically viable and safe zero-emission shipping.”

Jin Taek Jung, SHI President and CEO said: “We warmly welcome Jurong Port to join the Castor Initiative, our ambitious collaboration to make the zero-carbon deep-sea vessel operation reality. With regard to the industry coalition for the zero-carbon shipping, we believe that the final piece of the jigsaw puzzle will be completed with the participation of Jurong Port. We also expect that the performance of our partners’ collective efforts will be further strengthened by the expertise of Jurong Port for future fuel bunkering including ammonia.”

Brian Østergaard Sørensen, Vice President and Head of R&D Two-Stroke Business at MAN Energy Solutions said: “MAN Energy Solutions is very happy to work with a broad variety of industry partners and to take advantage of their expertise on our mutual path to decarbonisation. More than ever, this Initiative’s commitment to decarbonising the maritime economy through developing an ammonia-fuelled tanker seems timely and we look forward to be working with Jurong Port in this respect.”

Ms Quah Ley Hoon, Chief Executive, MPA said: “We welcome Jurong Port coming onboard. As the operator of one of the largest bunkering terminals, Jurong Port brings with it valuable experience and expertise.”

“As maritime decarbonisation requires a global approach, it is critical for projects like the Castor Initiative to involve stakeholders across the entire value chain. Jurong Port’s participation will enable us to test the port infrastructure and processes required to handle future marine fuels, including ammonia. This will enable the global shipping industry to work towards the International Maritime Organization’s 2050 targets for emissions reduction.”

Murali Srinivasan, Senior Vice President & Commercial Head of Yara Clean Ammonia said: “We recognise the need for collaboration through the whole value chain in order to make zero-emissions shipping a reality, by using ammonia as a fuel. We are therefore delighted to have Jurong Port join the Castor Initiative.”

“Their expertise will add value to the existing collaboration within this initiative and will ensure a more complete approach toward the first ammonia-fueled tanker becoming a reality by 2024.”

To meet the International Maritime Organization’s (IMO) 2050 ambitions on halving greenhouse gas (GHG) emissions from 2008 levels, zero-carbon vessels need to enter the world fleet by 2030.

The Castor Initiative was motivated by the partners’ shared belief that the maritime industry needs leadership and greater collaboration if shipping is to meet the IMO’s GHG ambitions. 

While ammonia is one of the fuels being considered by maritime stakeholders, the partners also recognise that the shipping industry will need to explore multiple decarbonisation pathways and hope their collaboration will spur others in the maritime industry to join forces on addressing this global challenge.

 

Photo credit: Jurong Port
Published: 2 December, 2021

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Alternative Fuels

Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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Alternative Fuels

LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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