Singapore, 29 January 2024 – Ocean Network Express (ONE) is proud to announce the award of 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. (....)