World’s First Ammonia-Fueled Gas Carrier Charter Deal Signed By Yara & NYK

Yara Clean Ammonia, the world’s largest ammonia distributor, signed a time-charter contract with Nippon Yusen Kabushiki Kaisha (NYK) for an ammonia-fueled medium gas carrier (AFMGC) to be delivered in November 2026.

“Our successful collaboration with NYK enables us not only to comply with future regulations related to CO2 emissions from sea-going vessels but also helps us to ensure that our customers can receive carbon-intensity compliant clean ammonia throughout our supply chain from well to wake,” says Murali Srinivasan, Senior Vice President Commercial in Yara Clean Ammonia.

Since 2021, Yara Clean Ammonia and NYK have jointly studied the practical application of an ammonia-fueled ammonia gas carrier, and the companies have now concluded the world’s first time-charter contract for an AFMGC, the most popular type of vessel for the internation…

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