Berge Bulk Orders Two Ammonia Fuelled Newcastlemax Vessels In Its Latest Move Towards A Zero Carbon Future

On 29th February, Berge Bulk, one of the world’s leading dry bulk ship owners, placed an order for two ammonia dual fuel vessels from Qingdao Beihai Shipbuilding Heavy Industry.

The two 210,000-DWT Newcastlemax vessels will meet the International Maritime Organisation’s (IMO) Tier III NOx (nitrogen oxides) standards and Energy Efficiency Design Index (EEDI) Phase 3 compliance for greenhouse gas emissions and be powered by ammonia.

THREE KEY MILESTONES

Berge Bulk has set an ambitious decarbonisation timeline which consists of three key milestones…

1.Achieve carbon neutrality by 2025.

2.Build and operate a zero-emissions vessel by 2030.

3.Achieve zero emissions fleetwide by 2050.

FOUR PILLAR PLAN

To meet this timeline, Berge Bulk has developed the four-pillar “Marshall Plan”. The plan focuses on (1) improving fleet efficiency, (2) leveraging the latest maritime technology, (3) converting to new fuels, and (4) capturing the remaining carbon directly or indirectly.

James Marshall, CEO and Founder, Berge Bulk said “We are very pleased today to order these ammonia dual fuel vessels as part of our continued journey towards a zero carbon future. The use of ammonia fuel represents an important milestone in our commitment to operate a zero emissions vessel by 2030 and an essential pillar in our plan to decarbonise. We continue to take urgent action in all four areas of our strategy to effectively reduce our current emissions and achieve carbon neutrality by 2025.”

The move toward new fuels complements Berge Bulk’s many other decarbonisation efforts and projects including a comprehensive programme of energy efficiency retrofits, innovative pilots for new wind technology, and a commitment to plant 25 million trees in the coming years.

Paolo Tonon, Chief Technical Officer, Berge Bulk said“Ammonia is a promising zero-carbon fuel for the future of the shipping industry. Berge Bulk has been actively engaged in discussions with key players in the ammonia supply chain. We are encouraged by the steady progress being made with the development of ammonia engines and the logistics of ammonia bunkering. This evolving landscape has given us the confidence to order these two dual fuel ammonia vessels. We are proud to help shape the roadmap from today’s liquid fuel ships to tomorrow’s ammonia-powered ships.”

About Berge Bulk

SAFE | EFFICIENT | SUSTAINABLE

Berge Bulk is one of the world’s leading independent dry bulk owners and has an outstanding record for its reliable, safe and efficient delivery of commodities around the world. Starting out with 12 vessels in 2007, the company now owns, operates and manages a fleet of over 80 safe and fuel-efficient vessels, equating to 14 million DWT.

Berge Bulk’s vision is to lead the world to a zero-carbon future through safe, efficient and sustainable shipping.

Berge Bulk press release