Yara Clean Ammonia secures long-term contract with Navigator Amon Shipping
Yara Clean Ammonia has chartered two medium gas carriers (MGCs) from Navigator Amon Shipping under long-term agreements.
These vessels, each with a capacity of 51,000m3, feature dual-fuel engines and ice class notation.
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In its press statement, YCA said that this arrangement will ensure “reliable” access to Northern Europe throughout the year, while facilitating the utilisation of renewable and low-emission fuels.
The company also anticipates that the addition of these vessels will lead to a reduction in freight costs per tonne, improved margins, and greater operational flexibility.
Furthermore, the company believes that this new fleet will “future-proof” its shipping operations and further “strengthen” its position in the developing low-emission ammonia sector.
Yara Clean Ammonia CEO Hans Olav Raen said: “Building scalable, reliable supply chains is critical to unlocking the hydrogen economy. This contract is a logistical and cost-efficient way to move large volumes of ammonia to Europe, reducing operational bottlenecks and delivering economies of scale.”
Navigator Amon Shipping is a joint venture between Navigator Gas and Amon Maritime.
Navigator Gas has an 80% stake in the venture, with Amon Maritime holding the remaining 20%, subject to investment terms and conditions.
Amon Maritime CEO André Risholm said: “Amon Maritime was founded with a vision to lead the green shift in shipping by pioneering the use of ammonia fuel.
“Partnering with industry leaders such as Navigator Gas and Yara Clean Ammonia allows us to realise this vision and bring ammonia-powered transportation into commercial operation. These vessels mark an important milestone in building a carbon-free future for global shipping.”
