EXMAR report 2023

INNOVATIONS 35 GHG footprint of ammonia production needs to be taken into account, which makes ‘blue’ or ‘green’ ammonia the most suitable candidates for significantly reducing the GHG footprint of shipping. First ships under construction EXMAR has taken the lead to support the industry in reducing its emissions and enable shipping to start using ammonia as fuel, ordering two midsize ammonia-powered gas carriers. On order at Hyundai Mipo Dockyard in Korea, these vessels will each have a total capacity of 46,000 m³. At EXMAR, a dedicated team of colleagues from the technical and shipmanagement division, supported by other departments, are actively participating in the project, contributing knowledge and expertise. This collective effort proved instrumental in overcoming various challenges and safety concerns associated with developing these groundbreaking vessels. An important milestone in the project was a hazard identification (HAZID) workshop, a comprehensive safety risk analysis, with special focus on bringing a toxic product, which ammonia is, into the engine room. The safety of the seafarers is the number one priority to ensure that these ammonia-fueled ammonia carriers comply with the highest safety standards. The ammonia-fueled main engine will be supplied by the dual fuel engine licensor WINGD, which plays a critical role in the development process. Full scale testing is ongoing, including single and multiple cylinder tests by WINGD. These tests will measure the engine's performance and reliability, ensuring it can meet the demanding requirements of real-world maritime operations. Both vessels are expected to be delivered in the first half of 2026. Innovating the maritime industry By increasing cargo capacity and shifting towards alternative fuels, EXMAR has successfully reduced the GHG footprint of its fleet, as shown on the graph below. Using LIBRAMONT, built in 2006, as a benchmark, hull optimization and engine efficiency increases in WEPION, which was delivered in 2018, have reduced the GHG footprint by about 20%. The GHG footprint will be reduced by about 35% when the EXMAR’s LPG-fueled MGCs are delivered in 2025. Ultimately, the delivery of both ammonia-fueled MGCs in 2026 will reduce the GHG emissions of these vessels by 90%. EXMAR’s decision to order the world's first ammonia- fueled Midsize Ammonia Carriers reflects our commitment to innovation in the maritime industry. By burning blue or green ammonia fuel we will substantially contribute to decarbonization of the shipping industry. On the back of four decades of experience in transporting ammonia cargoes, our vessels are best placed to introduce it as an alternative fuel, and our seafarers are among the most experienced in handling this product. We have organized sessions to give seafarers the opportunity to comment on various design features and will continue doing this because their valuable input is key to safe operations. Ammonia 38k Libramont (2006) 38k Waasmunster (2014) 38k Wépion (2018) 40k (2023) 40k LPG (2023) 46 kH8387 LPG (2025) 46k H8389 NH 3 (2026) 0 20 40 60 80 100 120 MGC CO 2 FOOTPRINT (%) Cargo capacity Relative propulsion power per m 3 cargo Relative CO 2 emissions per m 3 cargo