Norway-based OSM Thome has signed a letter of intent (LOI) with compatriot Pherousa Green Shipping for the management of a series of 63,000 dwt vessels.
Pherousa Green Shipping, headquartered in Oslo and established in 2023, is in the process of initiating an order for up to six modern, zero-emission ultramax bulkers designed by Deltamarin.
The initial ship design is derived from an existing Deltamarin ultramax model but has been modified to include ammonia cracking technology developed by Pherousa Green Technologies. This technology employs ammonia as a hydrogen carrier, facilitating true zero-emission propulsion.
As for the collaboration between Pherousa Green Shipping and OSM Thome, it will encompass drawing approval, project development, and site supervision for the six bulkers. Furthermore, OSM Thome will manage the crew and technical management of the constructed vessels.
The initial fleet of six ultramaxes has a specific focus on serving the global copper industry. Given copper’s pivotal role in worldwide decarbonization efforts, the copper industry has set ambitious emission reduction targets, encompassing Scope 3 emissions which involve transportation to end users.
“We are delighted to partner with the renowned shipmanagement group, OSM Thome, to assist us in finalizing 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,” said Hans Bredrup, chairman of the Pherousa Group.
