Japanese trading firm Itochu Corporation has signed contracts to build the world’s first ammonia bunkering vessel, aiming to start its operation by September 2027.
The 5,000 cubic meter vessel will be constructed by Sasaki Shipbuilding Co., Ltd., and the onboard ammonia tank plant will be built by Izumi Steel Works Ltd. Both agreements were signed by Clean Ammonia Bunkering Shipping Pte. Ltd. (CABS), a special-purpose company wholly owned by Itochu and based in Singapore.
Additionally, CABS signed a financing agreement with The Hiroshima Bank, Ltd. to support part of the vessel’s cost. The ship will be registered under the Singapore flag, with operations based in Singapore, the world’s leading bunkering port.
Itochu has already formed partnerships with Japanese shipbuilders, classification societies, and fuel providers to work on ammonia-fueled ship development and regulations.
This project was selected by Japan’s Ministry of Economy, Trade and Industry (METI) under its Global South Future-oriented Co-Creation Project, which supports large-scale
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