February developments show steady progress across engines, regulation, and fleet investment

Sri Lanka supports emerging green bunkering ambitions
Sri Lanka’s position along the main East-West corridor is drawing attention as a potential zero-carbon fuel hub. The Great Oceans Green Ammonia (GOGA) project aims to colocate large-scale renewable fuel production near major shipping lanes and ports such as Colombo and Hambantota, strengthening the commercial case for competitive bunkering.

Phased volumes target regional supply growth
GOGA targets phased ammonia output of 500k tpa by 2030 and 1m tpa by 2032, supported by planned offshore wind and solar capacity. If realised, the project could expand green fuel availability across the Indian Ocean and support Sri Lanka’s bunkering ambitions.

Singapore pilot validates ammonia bunkering pathway
Singapore completed a landmark ammonia bunkering pilot, confirming ship-to-ship transfers are technically and operationally feasible under live port conditions. The Global Centre for Maritime Decarbonisation led the program, and Mitsui O.S.K. Lines and ITOCHU are targeting a 5,000 m³ ammonia bunker vessel for initial operations around 2027.

Implications for gas carriers and VLGCs
The milestone clears an important hurdle for LPG carriers and VLGCs to participate in the emerging ammonia fuel chain. As the world’s largest bunkering hub, Singapore is well positioned to scale adoption. Industry estimates suggest ammonia could supply about 4 percent of Singapore’s marine fuel demand by 2035, equivalent to roughly 2 million tonnes annually.

Structural decarbonisation trend continues
The IMO also advanced draft amendments enabling certification of ammonia- and hydrogen-fuelled engines, while alternative-fuel vessels continue to gain share of the global orderbook. Overall, February developments point to steady progress in the maritime energy transition.