The Castor Initiative, a coalition of high-profile shipping industry players who intend to commercialise the development of the world’s first zero-emission tankers, has put pen to paper with an order for two ammonia-fuelled VLCCs.
Lloyd’s Register, Samsung Heavy Industries and MISC Berhad, via its tanker subsidiary AET, signed a memorandum of understanding (MOU) on Monday for the development and construction of the two tankers.
MISC, via AET, will order the pair from SHI, with Lloyd’s Register participating with their design and certification.
