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Hanwha Power Systems has received Approval in Principle (AIP) from the American Bureau of Shipping for its innovative ammonia fuel gas turbine retrofit design aimed at converting 174k LNG carriers. This groundbreaking achievement supports the International Maritime Organization's goal of carbon neutrality by 2050 and positions Hanwha as a leader in the decarbonization of the shipping industry. The approval, granted after a thorough review of engineering documents, validates the technical and commercial viability of ammonia as a zero-carbon fuel source for maritime applications.