AET has agreed to work with Petco Trading Labuan Company Ltd (PTLCL) to explore the potential deployment of a zero-emission aframax tanker that will be capable of running on green ammonia.
The two companies have signed a memorandum of understanding, which is said to represent another opportunity for AET to advance its decarbonisation aspirations while providing PTLCL with a sustainable shipping option.
AET’s commitments would include selecting a suitable shipyard to construct the vessel, which both parties expect to be delivered to PTLCL for a long-term charter by 2026. Both parties stated that they intend to collaborate on design, safety, and operational aspects as well as investigate opportunities for a Southeast Asian green ammonia corridor.
Tags: AET, Decarbonisation, Green Ammonia, PTLCL
Recent Posts
Port of Brisbane Unveils Vision 2060 to Drive Smarter, Cleaner, and More Connected Future
Wärtsilä to Deliver Hybrid Propulsion Systems for Vertom Group’s New Low-Emission Vessels
Latvian port receives electric Konecranes Gottwald Mobile Harbor Crane
Sustainable Ocean Economy Vital for Human Development, Says UNDP at UN Ocean Conference
Green Hydrogen Costs in India Could Drop by 40%, Says IEEFA-JMK Report
Cavotec Secures €1.55 Million Shore Power Contract for Port of Antwerp-Bruges
APM Terminals and SANY Marine sign landmark agreement to accelerate decarbonisation
The Port of Gothenburg takes big step towards shore power connection for container and car/RoRo vessels