Houston-Chiba earnings rise by 8% as March forecast remains moderate

The VLGC (Very Large Gas Carrier) market saw a surge in chartering activity later in the week as several ships found employment. However, there are still uncommitted VLGCs for March, with no clear cargoes available. Despite this, market sentiment improved, with spot earnings on the benchmark trade, the Houston-Chiba route, rising 8% week-on-week, according to Clarksons.

EMF investments handed huge boost by ammonia test breakthrough
In a recent milestone for ammonia-fueled shipping, MAN Energy Solutions has successfully completed a 100% load test on its ammonia-capable (ME-LIGA) engine. This confirms the engine’s ability to operate entirely on ammonia while validating fuel injection and emissions performance – a crucial step toward commercial adoption.

In 2024, EMF invested in three VLACs fitted engines from MAN Energy Solutions to ensure that our fleet remains at the forefront of sustainable shipping. This successful test strengthens the long-term viability of ammonia as a marine fuel, reinforcing its role in the maritime energy transition.