Shipping companies are placing orders for Very Large Ammonia Carriers (VLACs), anticipating the demand for ammonia, a hydrogen derivative, for low-carbon hydrogen production and global export. Reports suggest that the orders may be driven by the shipping industry’s cyclical ordering patterns of Liquid Petroleum Gas (LNG) carriers rather than a specific focus on ammonia transport, but Rethink’s research suggests otherwise as we anticipate large volumes of green ammonia to be produced and transported over long distances as one of the most efficient ways shipping renewable hydrogen. Notable orders have come from industry players such as Samsung Heavy Industries, Maersk Tankers, and Naftomar. Affinity, a shipbroking firm, estimates a record-breaking 19 VLACs on order, with the potential for more, signaling a…