XM does not provide services to residents of the United States of America.

Global consortium pioneers ammonia cargo transfer between ships at Australian port



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Global consortium pioneers ammonia cargo transfer between ships at Australian port</title></head><body>

SINGAPORE, Sept 19 (Reuters) -Japan's Mitsui O.S.K. Lines, Norway's Yara and Singapore's Global Centre for Maritime Decarbonisation said they had jointly completed an ammonia cargo transfer operation in Australia that will pave the way for ammonia bunkering in the region.

Ammonia is one of several alternative fuels that shipping companies are exploring to reduce carbon emissions, though its bunkering infrastructure is still in preliminary development.

The Pilbara region in Australia's northwest is expected to become an ammonia bunkering hub in the future due to the Dampier port's experience with exporting ammonia, Mitsui O.S.K Lines 9104.T said in its statement.

The trial was conducted to simulate bunkering conditions at the Dampier port, an ammonia production region, and marked the world's first ship-to-ship transfer of ammonia to have taken place for vessels at anchorage, the companies said this week.

"The successful ship-to-ship transfer of ammonia is a critical learning step forward in enabling ammonia bunkering operations in a port environment as global shipping moves to effective use of clean ammonia as a fuel," said Murali Srinivasan, senior vice president and commercial head at Yara YAR.OL.

During the trial, two ship-to-ship transfers consisting of 4,000 cubic meters of ammonia took place between a gas carrier owned by Mitsui O.S.K Lines and another carrier owned by Navigator Gas.

The transfers were led by the Global Centre for Maritime Decarbonisation, which has been conducting trials and studies to enable alternative fuels for refuelling ships.



Reporting by Jeslyn Lerh; Editing by Jamie Freed

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.