ITOCHU, Nihon Shipyard, ClassNK and MPA, signed MOU for study of ammonia carriers
ITOCHU Corporation, ClassNK, Nihon Shipyard Co., Ltd., and Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) regarding a joint study for the design and safety specifications of ammonia-fueled ships which are under development by ITOCHU and partners. Ammonia is advancing as a viable marine fuel solution for the decarbonization