NYK and Yara Sign First Charter for Ammonia-Fueled Medium Gas Carrier

Efforts to develop the first ammonia value chain have taken another step forward with Japan’s NYK Line and Yara Clean Ammonia concluding the first charter for an ammonia-fueled medium gas carrier. NYK ordered the vessel’s construction in 2023 as the next step in a project initiated in 2021 as part of Japan’s Green Innovation Project Fund of the New Energy and Industrial Technology Development Organization (NEDO).

The companies believe this is the first commercial contract for a vessel of this type and represents a key step in putting the vessel into service. The project was designed to overcome key hurdles in the launch of ammonia as maritime …