This surge, primarily originating from Africa and North America, will lead to a five-fold increase in ammonia exports by 2050 to 121 million tonnes. There are currently 220 ammonia infrastructure projects globally, with a combined handling capacity of more than 6 million tonnes. ADVERTISEMENTShipping industry growth and transition opportunities for LPG carriersWhile still in its early stages, the ammonia shipping industry is expanding swiftly. To meet rising demand, Eastern Pacific Shipping has commissioned four very large ammonia carriers (VLACs) from Jiangnan Shipbuilding Group. To transport the announced 121 million tonnes of ammonia, approximately 200 VLACs will be required, necessitating an investment of approximately $20 billion in newbuilds.

Source: The North Africa Journal October 01, 2023 07:54 UTC