Japan general trading company Itochu Corporation has signed a shipbuilding contract for a 5,000 cbm ammonia bunkering vessel with Sasaki Shipbuilding Company, with delivery slated for 2027.
The ship owner, Clean Ammonia Bunkering Shipping, is a wholly owned special purpose company of Itochu. Tanks will be manufactured by Izumi Steel Works, with financing provided by The Hiroshima Bank.
The project targets the commercialisation of ammonia bunkering in Singapore and expansion of similar business model to major maritime transportation points around the world, including Spain (Strait of Gibraltar), Egypt (Suez Canal) and Japan.
The large-scale integrated project shows how Japan is stepping up ship-to-ship ammonia bunkering as shipowners strive to decarbonise operations.
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