Ammonia-fueled tanker coalition gains new members; now called The Castor Initiative; first tanker by 2025
Ammonia-fueled tanker coalition gains new members; now called The Castor Initiative; first tanker by 2025 Little more than a year after a Joint Development Project (JDP) to develop an ammonia-fueled tanker design was launched by LR, MISC Berhad, MAN Energy Solutions and Samsung Heavy Industries (SHI), the partners have been joined by Yara International ASA, a giant Norwegian chemicals company and major ammonia producer, and the Maritime and Port Authority of Singapore (MPA). The JDP is now named “The Castor Initiative”. The naming is significant. Castor is the second-brightest star in th...