CMB.TECH Posts $364m Second-Quarter Profit as Tanker Markets Run Hot
CMB.TECH reported a second-quarter profit of $364.4m and EBITDA of $552.8m, with a $3.26bn contract backlog and gains of $127.4m booked on vessel sales in the period.
Japan Opens $95m Subsidy Pot for Hydrogen, Ammonia and Battery Ships
Japan has opened a five-year subsidy programme worth $95m to accelerate orders for ships powered by hydrogen, ammonia, methanol and batteries, covering up to half the equipment cost.
Navigator Gas Secures Financing For Two Ammonia-Capable Carriers
A joint venture has secured a 121.8 million dollar loan for two ammonia-capable gas carriers being built in China, in one of the larger single financings so far for tonnage designed around the fuel.
HD Hyundai Samho delivers first very large ammonia carrier
The 93,000 cu m Jane Maersk is the first of five VLACs for Maersk, from a builder now holding 22 on order worth about $2.55bn.
World-first ammonia-fuelled gas carrier completes its maiden commercial voyage
A Belgian owner's new gas carrier has completed the first commercial voyage burning ammonia as fuel, from China to India.
Trafigura charters $400m very large ammonia carrier trio
Commodities group Trafigura has chartered three very large ammonia carrier newbuildings, worth around $400m, from a Danish maritime investment manager.
Wärtsilä to power two gas carriers with ammonia engine
Wärtsilä will supply its ammonia-fuelled auxiliary engine and propulsion package for two new midsize gas carriers being built in China.
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