World News
Viridis Bulk Carriers Wins Norwegian Funding for Ammonia-Powered Bulkers
Shipping company Viridis Bulk Carriers has been awarded Norwegian state funding for its plan to develop ammonia-fuelled vessels.
The company and its consortium partners have been awarded NOK 13.75 million ($1.5 million) in funding from Norway's Pilot-E program, it said in an emailed statement on Thursday.
Viridis is a new joint venture aiming to build and operate ammonia-powered short-sea bulkers.
The company plans to put in its first shipbuilding orders by the end of next year, with deliveries starting in 2024-5.
"This award is a recognition of our vision and marks a milestone in our commitment to an environmentally friendly fleet renewal," Viridis representative Espen Nordstrøm said in the statement.
"Through our FlexBulk project, we will build the world's first short-sea fleet based on ammonia as fuel, and we are pleased that the Norwegian authorities are helping to promote innovative initiatives towards the green shift."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 647.50 | 1.00 | 770.00 | 3.50 |
| Rotterdam | 601.50 | 2.50 | 754.00 | 2.00 |
| Houston | 619.00 | 11.50 | 795.50 | 3.00 |
| Fujairah | 651.50 | 1.00 | 895.00 | 2.00 |
| Global 20 Ports Average | 664.00 | 1.50 | 856.50 | 2.00 |
| Global 4 Ports Average | 630.00 | 3.00 | 803.50 | 2.50 |
| Global Average Bunker Price | 718.00 | 0.50 | 914.50 | 0.50 |
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