Japanese shipowners are actively moving towards ammonia as a marine fuel.

Speaking on a panel on decarbonising shipping at the Gastech 2023 meeting in Singapore NYK managing executive officer and chief executive of the energy division Hironobu Watanabe said the company is developing an ammonia carrier along with its partners.

He said this should be ammonia-fuelled but said the industry needs a supply chain for ammonia which is not yet in place as it is for LNG.