Singapore's Eastern Pacific Shipping (EPS) has entered into a memorandum of understanding (MOU) with Dutch chemical company OCI and MAN Energy Solutions to develop methanol and ammonia as marine fuels.
The partnership will select conventional vessels from EPS' existing tanker fleet that use MAN engines to be retrofitted, allowing these to be powered by methanol and ammonia supplied by OCI. Also, EPS will construct newbuild vessels with MAN engines powered by the same two alternative marine fuels.
OCI intends to charter the first retrofitted vessel from EPS.