ITOCHU Corporation News
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-fuelled ships which are under development by ITOCHU and partners. Ammonia is advancing as a viable marine fuel solution for the decarbonisation of the maritime sector. The discussion for a specification of ammonia-fuelled ship with governmental body related to their op...
Imabari Shipbuilding will install an MAN B&W 7S60ME-Ammonia engine with SCR in connection with the construction of a 200,000 dwt class bulk carrier for a joint venture between K Line, NS United and Itochu Corporation. The business represents one of the first projects for MAN Energy Solutions’ ammonia-powered engine that is currently under development in Denmark. MITSUI E&S will build the engine in Japan. MAN B&W 7S60ME-Ammonia engine installation Brian Østergaard S&os...
ClassNK is hosting the "EU-ETS Seminar-Get Ready for EU Allowance in the Shipping Sector" in Singapore, inviting experts in EU Allowance (EUA) trading. It aims to share insights and guidance to help shipping companies prepare for the upcoming carbon credit scheme required for ships operating in EU waters. Following the recent amendments to the EU Directive for EU Emissions Trading System (EU-ETS) that extend its scope to the shipping sector, shipping companies will be mandated to manage E...
ClassNK has issued an Approval in Principle (AiP) for an ammonia fuelled 200,000 DWT type bulk carrier jointly developed by ITOCHU Corporation, Nihon Shipyard Co., Ltd., Mitsui E&S Machinery Co., Ltd., Kawasaki Kisen Kaisha, Ltd. (‘K’ LINE), and NS United Kaiun Kaisha, Ltd. Ammonia is expected to be used as a ship fuel for decarbonisation since it does not emit CO2 when combusted. Meanwhile, adequate safety measures are imperative as it has been pointed out that ammonia is toxic...
Neste and ITOCHU Corporation has announced that they are joining forces to deliver renewable diesel to the Japanese market. In this collaboration, ITOCHU Corporation will be the first company in Japan to sell and distribute renewable diesel from Neste. In addition, FamilyMart, which is owned by ITOCHU Corporation and is one of the largest convenience store chains in Japan, will start to use renewable diesel in some of the delivery vehicles at their distribution centre in Yokohama City. Thi...