Singapore Remains World s Top Maritime Hub
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Leading Maritime Cities report 2022: Singapore still in top spot followed by Rotterdam and London, Athens Drops One Place
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A consortium of Nordic companies joined together to joined together in a new concept study exploring the business case for ammonia, seeking to confirm its potential scalability and application on long-distance routes. The Nordic Green Ammonia-Powered Ship concept study concludes that green ammonia holds the potential to play a significant role in decarbonizing maritime transport if investors and operators are presented with a credible business model.
“Understanding the technologies and business models needed to deliver zero-emission shipping is key,” says Jesse Fahnestock, Project Director at the Global Maritime Forum who along with Fu?rstenberg Maritime Advisory developed the project. “The NoGAPS concept study examines the full value chain viability of powering ships with green ammonia. It finds that using green ammonia as a fuel is both practical and feasible. Focus should now be on measures that can strengthen the business case for zero-emission ammonia.”