Norwegian companies partner to develop zero-emissions ultramax vessels


OSM Thome and Pherousa Green Shipping AS (referred to as ‘PGS’) have formalised their partnership through a Letter of Intent, outlining their joint efforts to develop a series of Ultramax vessels with a dead weight of 63,000 tons, which will be ordered by PGS.

This collaboration spans across Phases I, II, and III, encompassing crucial stages such as Drawing Approval, Project Development, and Site Supervision for the construction of six 63,000 dwt Ultramax Bulk Carriers. Additionally, OSM Thome will be responsible for the crew and technical management of these vessels upon completion.

Pherousa Green Shipping AS, headquartered in Oslo, is in the process of initiating an order for up to six modern, zero-emission Ultramax dry bulk carriers. These vessels are designed by Deltamarin in Finland. The initial ship design is derived from an existing Deltamarin Ultramax model, but it has been modified to include the ammonia cracking technology developed by Pherousa Green Technologies AS (PGT). This technology employs ammonia as a hydrogen carrier, facilitating true zero-emission propulsion.

OSM Thome boasts expertise in supervising the design and construction of various vessel types, including Anchor Handling Tug and Supply (AHTS) vessels, Shuttle Tankers, Dry Bulk vessels, MR Tankers, PSVs, Jack Up Rigs, Storage Platforms, Car Carriers, RORO and RO-Pax Carriers, Accommodation Barges and Vessels, Offshore decommissioning projects, Battery Operated Vessels (BOBs) and Battery-Operated Ferries (Norwegian Sector), Fully Autonomous Vessels (Ammonia Propulsion), Expedition Vessels, and Cruise Liners.

“We are delighted to partner with the renowned Shipmanagement group, OSM Thome, to assist us on finalising our forthcoming fleet of true zero-emission Ultramax bulk carriers. Our early agreement with OSM Thome ensures that crew members will be prepared and trained well in advance of vessel delivery. This proactive approach guarantees the establishment of safety measures and protocols in accordance with the guidelines for safe handling at sea,” said Hans Bredrup, Chairman of the Pherousa Group.

The initial fleet of six Ultramax dry bulk carriers has a specific focus on serving the global copper industry. Given copper’s pivotal role in worldwide decarbonisation efforts, the copper industry has set ambitious emission reduction targets, encompassing Scope 3 emissions which involve transportation to end users. “The concept has garnered significant support, and we are actively engaging with key stakeholders in both ammonia supply and vessel end-users. This momentum is propelling us towards realising zero-emission copper transportation, fostering a fully zero carbon supply chain from mines to destinations,” added Mr. Bredrup.

“We really appreciate the trust that PGS has in our abilities by signing this agreement. Since the merger of OSM Maritime Group and Thome Group was finalised in May this year creating the combined entity OSM Thome, we have worked hard to amalgamate and build on the best attributes and skills of all our employees to provide real benefits for our customers. We are looking forward to working closely with the team at PGS to ensure that this project is successfully supervised and managed to create sustainable transportation solutions,” said Tommy Olofsen, OSM Thome’s Chief Commercial Officer.

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