Members of clean shipping consortium Castor Initiative have signed an initial agreement to develop and build very large crude carriers (VLCCs) that can run on zero-emission fuel.
Lloyd's Register, Samsung Heavy Industries, and MISC, via its subsidiary AET, aim to have the first of these tankers entering into service in late 2025, and the second in early 2016.
The Castor Initiative, which is encouraging the use of green ammonia as a propulsion fuel, also includes MAN Energy Solutions, fertilizer firm Yara International, the port authority of Singapore and Jurong Port, also in Singapore.
The members will now focus on identifying green shipping corridors to facilitate bunkering of these zero-emission VLCCs.
