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.

This study analysed a novel re-liquefaction system integrated with a fuel supply system (FSS) for an LPG carrier to conventional systems. The re-liquefaction system and FSS were installed independently in a conventional LPG carrier, while those systems were combined in the novel system. The condensed LPG in the re-liquefaction system was directly transferred to the FSS without the cooling and expansion process in the novel system. 84,000 m³ LPG carrier equipped with a 10 MW engine at normal continuous rating (NCR) was selected as a target ship. Aspen HYSYS ver.12.1 was employed for process simulation. The results showed that the energy consumption for the novel system was reduced by 38%. The energy for re-liquefaction was decreased because the flow rate recirculated was decreased, and the energy for FSS was reduced as the temperature of the stream supplied to the FSS was relatively high in the novel system. A sensitivity analysis was conducted to investigate the effect of the parameters on the results. The investigated parameters were LPG compositions, seawater temperature, compressor efficiency, and pump efficiency. The energy consumption for the system was significantly different depending on the LPG composition, and the energy consumption was changed by 2.5% for conventional systems and 0.9% for the novel systems with the variation of 4 °C seawater temperature. The energy for the novel system was reduced by 2.8% for conventional systems and 2.3% for the novel systems with the 5% increment of compressor efficiency, whereas pump efficiency had little effect on the results.