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EUROPE: Færder Tankers and CiP sign agreement to build ammonia-fuelled vessels - Bunkerspot - Independent Intelligence for the Global Bunker Industry

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class="item-page" itemscope itemtype="https://schema.org/Article"> <meta itemprop="inLanguage" content="en-GB" /> <div class="page-header"> <h1> Europe News </h1> </div> <div class="page-header"> <h2 itemprop="headline"> EUROPE: Færder Tankers and CiP sign agreement to build ammonia-fuelled vessels </h2> </div> <dl class="article-info muted"> <dt class="article-info-term"> Details </dt> <dd class="createdby" itemprop="author" itemscope itemtype="https://schema.org/Person"> Written by <span itemprop="name">Tom Barlow-Brown</span> </dd> <dd class="published"> <span class="icon-calendar" aria-hidden="true"></span> <time datetime="2024-11-27T10:59:46+00:00" itemprop="datePublished"> Published: 27 November 2024 </time> </dd> </dl> <div itemprop="articleBody"> <p>A Memorandum of Understanding (MOU) has been signed between Færder Tankers Norway AS and Copenhagen Infrastructure Partners (CiP) to develop ammonia-fuelled Medium Gas Carriers (MGCs).</p> <p>The vessels, designed for dual-fuel ammonia operation, will feature a 50,000 cbm capacity and full ammonia bunkering capabilities, according to Færder Tankers. The project is part of CiP's broader strategy to support its clean ammonia initiatives through its Energy Transition Fund (CI ETF I).</p> <p>The vessels will be equipped with advanced features, including retractable bow and aft thrusters to enhance manoeuvrability and front accommodations with a 360-degree bridge view to assist bunkering and ship-to-ship operations.</p> <p>A statement by Capt. Paal Stenberg, CEO of Færder Tankers, highlighted the importance of the partnership: ‘By utilising clean ammonia as both cargo and fuel, we are advancing the decarbonisation of shipping while enabling the seamless delivery of CIP’s clean ammonia projects to the global market.’</p> <p>The first vessel is expected to be delivered in the second half of 2028. Once operational, it will support the logistical and bunkering demands of CiP’s ammonia projects, providing end-to-end solutions for shipping clients.</p> <p>Niels H. Lindegaard, Senior Business Advisor at CiP, explained the company’s strategic focus on green ammonia transportation: ‘The dialogue with leading companies has given us valuable industry insights and the ability to develop safe and robust end-to-end bunkering solutions as well as first-hand knowledge about critical developments and maturity of solutions.’ he said.</p> <p>Copenhagen Infrastructure Partners (CiP) manages 12 renewable energy funds, including the CI ETF I, said to be the largest dedicated clean hydrogen fund globally. 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