Japanese Trio Sign MoU for Newbuild Ammonia Bunkering in Singapore

Japan’s Sumitomo Corporation has signed a Memorandum of Understanding (MoU) with shipowners Nippon Yusen Kabushiki Kaisha (NYK Line) and Kawasaki Kisen Kaisha (K Line) to develop a newbuild ammonia bunkering vessel in Singapore.

The MoU will support the ammonia value chain development, jointly led by the Maritime and Port Authority of Singapore and the country’s Energy Market Authority, K Line said in a news release on Tuesday.

Sumitomo Corporation will lead the front-end engineering design (FEED) study to advance the bunkering proposal, laying the technical and commercial groundwork for eventual implementation.

Reporting by Jamie Aldridge, jaldridge@opisnet.com; Editing by Rob Sheridan, rsheridan@opisnet.com