World's first ammonia-fuelled PSV to operate in 2026, says Wartsila

28 Aug 2024 CW Team

Finland-based engine manufacturer Wartsila has announced a groundbreaking agreement with Norwegian shipowner Eidesvik to convert one of its platform supply vessels (PSV), the Viking Energy, to run on ammonia fuel. This conversion will make the Viking Energy the world's first ammonia-fuelled in-service PSV.

Ammonia is among several alternative fuels being explored by the maritime industry to reduce carbon emissions. The Viking Energy, currently chartered by Norway's Equinor, will undergo conversion in early 2026, with operations on ammonia expected to begin by mid-year. Equinor is also financing this pioneering project.

Wartsila, which will supply the necessary equipment for the conversion, previously stated that it plans to deliver its first ammonia-fuelled engine for a new vessel in early 2025, with broader adoption anticipated in the 2030s. The company launched its first ammonia-powered four-stroke engine in late 2023, a technology that can reduce greenhouse gas emissions by over 70% compared to traditional diesel-based solutions.

(ET)

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..