Singapore, 17 April 2024 – Eastern Pacific Shipping (EPS) has strengthened its commitment to green shipping and maritime decarbonization by signing Memorandums of Understanding (MoUs) with the Maritime and Port Authority of Singapore (MPA), alongside leading classification societies ABS and Lloyd's Register.
Under the agreement, six ammonia dual-fuel newbuild vessels managed by EPS will be registered under the Singapore Registry of Ships (SRS) upon delivery, reinforcing Singapore's position as a global hub for sustainable shipping and alternative marine fuels.
Advancing Ammonia as a Future Marine FuelThis strategic collaboration follows EPS's earlier announcement of partnerships with MAN Energy Solutions, HD Hyundai Heavy Industries, and shipyards under China State Shipbuilding Corporation (CSSC) to develop ammonia-powered marine engines. These engines are expected to power EPS's next-generation fleet, positioning the company at the forefront of zero-emission shipping technology.
Ammonia is widely seen as one of the most promising carbon-free marine fuels, offering significant potential to reduce greenhouse gas emissions in line with global climate targets. By investing in ammonia dual-fuel vessels, EPS is taking a proactive step toward future-proofing its fleet against tightening environmental regulations.
Supporting Singapore's Maritime Decarbonization StrategyThe MoUs reaffirm EPS's strong support for MPA's initiatives to decarbonize and digitalize the maritime industry. The collaboration will focus on several key areas:
- Development of ammonia bunkering infrastructure
- Seafarer training on ammonia safety and handling
- Joint research on ammonia fuel standards and technologies
- Exploration of zero and near-zero emission fuel trials
This partnership aligns with Singapore's ambition to become a leading global center for green maritime innovation and clean energy solutions.
Building Skills and Safety for Next-Generation FuelsA major component of the collaboration is workforce development. EPS will work closely with MPA to support crew training programs for ammonia and other low-carbon fuels at the upcoming Maritime Energy Training Facility, expected to be operational by 2026.
This initiative ensures that seafarers are equipped with the technical expertise and safety knowledge required to handle new fuel technologies, which is critical as the industry transitions toward alternative energy sources.
Industry Collaboration Driving Sustainable ShippingEPS CEO Cyril Ducau emphasized the importance of collaboration in accelerating maritime decarbonization. He highlighted that while ammonia is gaining momentum as a viable marine fuel, safety remains a top priority, especially in handling and transportation.
The partnership between EPS, MPA, and leading industry stakeholders reflects a collective "act now" approach to reducing emissions while maintaining the highest standards of safety, training, and environmental responsibility.
Strengthening Singapore's Role in Green ShippingBy registering these ammonia dual-fuel vessels under the Singapore Registry of Ships, EPS is contributing to the growth of Singapore as a global hub for sustainable shipping, LNG alternatives, and zero-emission fuels. The initiative also supports broader industry efforts to meet International Maritime Organization (IMO) targets for reducing carbon emissions.
Driving the Future of Zero-Emission Maritime TransportThis collaboration marks a significant step forward in the adoption of ammonia as a marine fuel and demonstrates how partnerships between shipowners, regulators, and technology providers can accelerate the transition to cleaner, greener shipping.
With six ammonia-ready vessels and ongoing investments in innovation, Eastern Pacific Shipping continues to position itself as a leader in maritime decarbonization, alternative fuels, and next-generation vessel technology, helping shape the future of global shipping.