11th April 2024
Nihon Shipyard Co., Ltd.
Execution of Memorandum of Understanding for Joint Development of Ammonia
Fueled Bulk Carriers among 6 parties
Nihon Shipyard Co., Ltd., (headquartered in Chiyoda-ku, Tokyo; Kiyoshi Higaki,President; hereinafter "Nihon Shipyard") announced today that, together with ITOCHU
Corporation (hereinafter "ITOCHU"), MAN Energy Solutions (hereinafter “MAN”), Mitsui
E&S Co., Ltd. (hereinafter “Mitsui E&S”), Kawasaki Kisen Kaisha, Ltd. (hereinafter“K-Line”), and NS United Kaiun Kaisha, Ltd. (hereinafter “NS United”) has executed aMemorandum of Understanding (“MOU”) Regarding joint development, effort for thecommercialization of ammonia fueled ships.
Ammonia is advancing as a key zero-emission marine fuel solution and it will greatly
contribute to Greenhouse Gas (GHG) emissions reduction if ammonia can be commonlyused as a marine fuel. The development and commercialization of ammonia dual fueled
engine on which ammonia fuel is used for a primary fuel (Ammonia Fueled Engine) is
essential for widespread use of ammonia fueled ship ("Ammonia-Fueled Ship”).
In Particular, the ensuring of safety in the handling of toxic of ammonia and theconfirming of stable operations at sea are important milestones on the road to the social
implementation.
This MOU is based on the premise that 200,000 deadweight ton class bulk carriers to bebuilt by Nihon Shipyard will be equipped with Ammonia Fueled Engines being developedby MAN as a “pilot project” prior to commercialization, and that the necessary
operational data will be collected after the delivery of the ships, for thecommercialization of Ammonia Fueled Engines and Ammonia-Fueled Ships incooperation with other parties involved.
The execution of this MOU is an important milestone for the implementation ofAmmonia-Fueled Ships, a new challenge being taken on by the maritime industry, andalso an important step in the ongoing implementation of the "Integrated Project" being
facilitated by ITOCHU.
Nihon Shipyard and partners will proceed with the development of the Ammonia FueledEngines and Ships based on this MOU, and aims to begin its social implementation once
it is ready in accordance with the “Integrated project for development and social
implementation of ammonia fueled ships” which was adopted to the “Green Innovation
Fund Project / Development Project for Next-Generation Ships / Development ofAmmonia Fueled Ship”, a project publicly offered by New Energy and Industrial
Technology Development Organization (NEDO) in October 2021※.
Nihon shipyard will continue to contribute to the realization of a sustainable society
through the provision of Eco-Friendly Vessels by utilizing its environmental reduction
technologies.

【Key Roles】
Partners
MAN
Nihon Shipyard
ITOCHU“K” Line
NS United
Mitsui E&S
ITOCHUKey Roles
Design and development of Ammonia Fueled Engine andverification after delivery of 200,000 deadweight ton classbulk carriers equipped with Ammonia Fueled Engines
Design and construction of 200,000 deadweight ton classbulk carriers equipped with Ammonia Fueled Engines andrelated system
Crew development and ship management for operation of200,000 deadweight ton class bulk carriers equipped withAmmonia Fueled Engines and collection of operation data
Manufacturing Ammonia Fueled Engine of 200,000
deadweight ton class bulk carriers and Design and productionof related system
Information sharing for ammonia fuel supply(Photo) MOU execution Ceremony

From Left, Yoshinori Sato, Executive Officer, NS United; Ichiro Tanaka, Director,
Mitsui E&S; Daniel Struckmeier, Managing Director, MAN Energy Solutions Japan Ltd.;
Kiyoshi Higaki, President, Nihon Shipyard, Shingo Ikeda, Executive Officer, “K” Line;
Hirohiko Ozeki, General Manger of Marine Department, ITOCHU