Grimaldi Secures Green Financing for Ammonia-Ready Ships | Mariner News
The Grimaldi Group, a leading Italian shipping firm, has announced a significant step towards sustainable maritime transport by securing EUR 162.3 million in green financing. This substantial funding will support the acquisition of three cutting-edge ammonia-ready ships, specifically pure car and truck carriers (PCTCs), set for delivery in 2026. This strategic investment underscores Grimaldi’s commitment to decarbonization and positions them at the forefront of adopting future-proof vessel technology.
Investing in Future Fuels for Shipping
The financing, arranged through Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, highlights the growing trend of green funding in the shipping industry. These three new vessels—named Grande Egitto, Grande Pacifico, and Grande Oceania—are integral to a larger investment program by the Grimaldi Group, which includes 17 new PCTCs ordered between 2022 and 2023, totaling over $1.6 billion. Each ship boasts an impressive capacity of 9,800 CEU and features the crucial ‘ammonia-ready’ notation.
Understanding Ammonia-Ready Vessels
The ‘ammonia-ready’ designation signifies that these state-of-the-art car carriers are designed with the necessary structural and spatial provisions to facilitate the future installation of ammonia fuel tanks and propulsion systems. While actual conversions to ammonia propulsion are still evolving within the maritime sector, having this readiness is a vital step. It ensures that the ships can adapt to cleaner fuel alternatives as infrastructure and technology develop, reducing their long-term environmental footprint. This proactive approach strengthens Grimaldi’s sustainability initiatives and prepares their fleet for a greener future in global shipping.
