Sumitomo Corporation will launch a full-scale project to design and develop an ammonia-fueled dry bulk carrier jointly with Oshima Shipbuilding Co., Ltd. The ship is expected to be 229m in length, with a beam of 32m and deadweight of 80,0000-81,000MT. Speed is to be 14.3 knots. A dry bulk carrier of an equivalent size to that of the ammonia-fueled carrier to be built. In 2018, the International Maritime Organization (IMO) adopted a strategy to reduce greenhouse gas (GHG) emissions from international shipping. In this strategy, the IMO upholds the target of improving the average fuel efficiency of ships used for international shipping by 40% relative to the 2008 level by 2030, and of halving the total GHG emissions from the ships by 2050. In response, companies in the maritime industry are required to replace the fuels for their ships with ammonia, hydrogen and other substitutes with low environmental impact, […]