Little more than a year after a Joint Development Project (JDP) to develop an ammonia-fueled tanker design was launched by LR, MISC Berhad, MAN Energy Solutions and Samsung Heavy Industries (SHI), the partners have been joined by Yara International ASA, a giant Norwegian chemicals company and major ammonia producer, and the Maritime and Port Authority of Singapore (MPA). The JDP is now named “The Castor Initiative”. The naming is significant. Castor is the second-brightest star in the Gemini constellation, but actually consists of six stars which appear as one. In a webinar hosted by Randall Krantz, a Senior Project Adviser at the Getting to Zero Coalition, the partners revealed that they are on track to design, build, and commission the world’s first ammonia-fueled tanker by 2025. Since the project began in January 2020, LR has made significant progress in early safety appraisals and research into the development of suitable […]