Ocean Network Express (ONE) has been awarded Approval in Principle (AiP) for an ammonia dual-fueled vessel. Along with the investment in 12 methanol dual-fueled vessels, this marks another milestone for ONE on its journey towards net-zero by 2050.

The newly AiP-awarded 3,500 TEU vessel was jointly developed by ONE, Nihon Shipyard Co., Ltd. (NSY) and classification society DNV as part of a joint development project established in late 2022 among the three parties.

ONE has been studying the feasibility of ammonia as an alternative fuel for zero emission according to the roadmap for alternative fuels which was developed by ONE in 2022. In conjunction with the roadmap, ONE participated in a GCMD-led ammonia bunkering pilot safety study.

Credit: Nihon Shipyard Co., Ltd

Ammonia is definitely one of the primary focuses of our research as ammonia fuel has a great potential of generating lower GHG emissions than conventional marine fuels. We are pleased to have made such a progress, and we will continue our study on ammonia.

—Koshiro Wake, Senior Vice President of Corporate Strategy & Sustainability Department at ONE

ONE Green Strategy is targeting Net-Zero GHG emissions—encompassing Scope 2 and 3—by 2050. To achieve the target, transition from conventional fuel to alternative fuels is defined as ONE’s key pillar of Green initiatives. ONE will continue to study alternative fuels as it strives to become net-zero by 2050.

ONE is the world’s sixth-largest container carrier with a fleet size of approximately 1.8 million TEU. ONE is a member of THE Alliance (THEA), a global ocean carrier consortium.