A three-party partnership has been established to explore the marketing and supply of low-carbon ammonia as a marine fuel to maritime end-users in Singapore.
Singapore-headquartered NYK Bulkship (Asia), a subsidiary of Japanese shipping major NYK, Singaporean bunker supplier Golden Island, and Yara Clean Ammonia Norge, a subsidiary of Norwegian fertilizer company Yara International, have concluded a non-binding term sheet that paves the way towards the partnership, said to represent a major step in enabling ammonia as a zero-or-near-zero-emission (ZNZ) marine fuel, in line with Singapore’s ambitions to support the shipping community in meeting decarbonization targets.