This study performed a technical–economic analysis for ship-based ammonia transportation to investigate the feasibility of international ammonia transportation. Ammonia is considered to be a vital hydrogen carrier, so the international trade in ammonia by ship will considerably increase in the future. This study proposed three scenarios for transporting ammonia from the USA, Saudi Arabia, and Australia to South Korea and employed an 84,000 m³ class ammonia carrier. Not only traditional very low sulfur fuel oil (VLSFO)/marine diesel oil (MDO) but also LNG and ammonia fuels were considered as propulsion and power generation fuels in the carrier. A life-cycle cost (LCC) model consisting of capital expenditure (CAPEX) and operational expenditure (OPEX) was employed for the cost estimation. The results showed that the transportation costs depend on the distance. The unit transportation cost from the USA to South Korea was approximately three times higher than that of Australia to South Korea. Ammonia fuel yielded the highest costs among the fuels investigated (VLSFO/MGO, LNG, and ammonia). When using ammonia fuel, the unit transportation cost was approximately twice that when using VLSFO/MDO. The fuel costs occupied the largest portion of the LCC. The unit transportation costs from Australia to South Korea were 23.6 USD/ton-NH3 for the LVSFO/MDO fuel case, 31.6 USD/ton-NH3 for the LNG fuel case, and 42.9 USD/ton-NH3 for the ammonia fuel case. This study also conducted a sensitivity analysis to investigate the influence of assumptions, including assumed parameters.

As the seriousness of air pollution from ports and ships is recognized, the Korean Port Authority is implementing many policies and instruments to reduce air pollution in port areas. This study aims to verify the effects of the vessel speed reduction (VSR) program among the procedures related to air pollution in port areas. This study was conducted using panel data created by combining ship entry and departure data and air quality measurement data. We measured the changes in air quality according to the entry and departure of ships and examined whether it changes due to the VSR program. For estimation, the panel fixed-effect model and the ordinary least squares (OLS) model were used. The results suggest that the VSR program had a positive effect on improving air quality in port areas. However, the VSR program’s effects were different over ports. Busan Port showed the highest policy effect, and Incheon Port showed a relatively low policy effect. Based on the results of this study, to maximize the VSR program’s effectiveness at the port, it is necessary to implement other eco-friendly policies as well.