Ammonia-Fuelled VLCC to Enter Service in 2025

Malaysia’s top shipping line MISC, via its subsidiary, AET, South Korean shipbuilder Samsung Heavy Industries (SHI), and class society Lloyd’s Register, have signed a memorandum of understanding for the development and construction of two very large crude carriers (VLCCs) which can be operated on green ammonia.

The founding members of the Castor Initiative, a multinational coalition of shipping industry players that also includes MAN Energy Solutions, the Maritime and Port Authority of Singapore, Yara and Jurong Port, plan to have the first of these dual-fuel tankers enter into service in late 2025 and the second in early 2026.

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