ClassNK issues AiP for ammonia-fuelled LPG/ammonia carrier [Yahoo! Finance]
KAWASAKI HEAVY INDS S/ADR (KWHIY)
NASDAQ:AMEX Investor Relations:
global.kawasaki.com/en/corp/ir
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Source: Yahoo! Finance
LPG/ammonia carrier, a joint application by Kawasaki Heavy Industries and MITSUI E&S. The AiP validates the design's compliance with safety and regulatory standards. Ammonia, known for its lack of CO2 emissions when burned, is anticipated to gain broader adoption as a zero-carbon fuel in the shipping industry, according to ClassNK. Currently, numerous research initiatives and development projects are in progress to facilitate the practical implementation of ammonia-powered vessels. In 2021, ClassNK released the “Guidelines for Ships Using Alternative Fuels” to assist innovative efforts in this area. These guidelines address the installation and operation of safety systems, aiming to mitigate risks posed to vessels, crew members, and the environment from the operation of ships powered by ammonia fuel. Moreover, ClassNK's proposal for the “Interim Guidelines for the Safety of Ships Using Ammonia as Fuel” was approved at the Maritime Safety Committee (MSC) 109 in December 202
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