EMF and Atlas Maritime formalize $372M ammonia service trio describe at HD KSOE

Denmark’s fund management company serious about maritime investments European Maritime Finance (EMF), in collaboration with global shipping company Atlas Maritime, has confirmed the describe of three LPG/ammonia carriers at South Korean shipyard HD Hyundai Heavy Industries (HHI).

HD HHI’s dad or mum company, HD Korea Shipbuilding & Offshore Engineering (HD KSOE), published the describe valued at KRW 489.6 billion ($372 million) in March 2024 without disclosing the shipowner’s name.

EMF and HD HHI include now confirmed the describe for the three 88,000 cubic meter LPG dual-gas carriers in a position to carrying and operating on ammonia.

As disclosed, the vessels will named EMF Viking I, II, and III.

The ships are scheduled for provide by the kill of December 2027.

“European Maritime Finance is elated with our dedication to order say of the art vessels that meet the very best requirements of sustainability and innovation, in collaboration with Atlas Maritime and HD Hyundai Heavy Industries (HHI), last dedicated to environment contemporary sustainable benchmarks within the maritime trade,” stated Martin Haugaard, Founder, Chief Govt Officer (Schweiz) AG and Chairman of the Funding Committee. 

As phase of their partnership, EMF and Atlas Maritime positioned an describe for the enchancment of the seventh and eighth scrubber-fitted dual-gas Suezmax tankers with DH Shipbuilding in Korea earlier this one year.

The upcoming Suezmax tankers will be half of the present six vessels already within the production pipeline, bringing the total to eight sister vessels. The vessels will boast sustainability facets corresponding to dual-gas functionality, LNG readiness, and Eco-class designation, EMF and Atlas Maritime stated.