{"id":45365,"date":"2025-01-30T08:54:59","date_gmt":"2025-01-30T07:54:59","guid":{"rendered":"https:\/\/maritimefinance.eu\/?p=45365"},"modified":"2025-01-31T12:56:38","modified_gmt":"2025-01-31T11:56:38","slug":"vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch","status":"publish","type":"post","link":"https:\/\/maritimefinance.eu\/da\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/","title":{"rendered":"VLGC rates decline \u2013\u00a0WinGD\u00a0ammonia engine gets summer launch"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"45365\" class=\"elementor elementor-45365\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-785bdd8 e-flex e-con-boxed e-con e-parent\" data-id=\"785bdd8\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9d3bf3f elementor-widget elementor-widget-image\" data-id=\"9d3bf3f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1200\" height=\"400\" src=\"https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/01\/VLGC-rates-decline\u2013WinGD-ammonia-engine-gets-summer-launch-EMF-Maritime-finance.jpg\" class=\"attachment-1536x1536 size-1536x1536 wp-image-45369\" alt=\"VLGC-rates-decline\u2013WinGD-ammonia-engine-gets-summer-launch-EMF-Maritime-finance\" srcset=\"https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/01\/VLGC-rates-decline\u2013WinGD-ammonia-engine-gets-summer-launch-EMF-Maritime-finance.jpg 1200w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/01\/VLGC-rates-decline\u2013WinGD-ammonia-engine-gets-summer-launch-EMF-Maritime-finance-300x100.jpg 300w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/01\/VLGC-rates-decline\u2013WinGD-ammonia-engine-gets-summer-launch-EMF-Maritime-finance-1024x341.jpg 1024w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/01\/VLGC-rates-decline\u2013WinGD-ammonia-engine-gets-summer-launch-EMF-Maritime-finance-768x256.jpg 768w, https:\/\/maritimefinance.eu\/wp-content\/uploads\/2025\/01\/VLGC-rates-decline\u2013WinGD-ammonia-engine-gets-summer-launch-EMF-Maritime-finance-18x6.jpg 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a0ff6e8 elementor-widget elementor-widget-text-editor\" data-id=\"a0ff6e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div title=\"Page 1\"><h4>Solid vessel resale values during subdued week for VLGC segment<\/h4><p class=\"p1\">It was a quieter week in the VLGC spot market, with rates declining in both regions. Earnings on the Ras Tanura-Chiba route dropped 23% week-on-week to $30,708\/day, although rates from the Middle East Gulf showed slight recovery signs by Friday.<\/p><p class=\"p1\">\u00a0<\/p><p class=\"p1\"><b>2001 VLGC vessel sold on for $48m<\/b><b><\/b><\/p><p class=\"p1\">This week saw the sale of a 2001-built non-eco VLGC for an impressive $48 million, according to Clarksons. This transaction highlights the liquidity and value retention in the second-hand LPG vessel market, offering reassurance to investors about the market&#8217;s stability and attractiveness.<\/p><p class=\"p1\">\u00a0<\/p><p class=\"p1\"><b>WinGD set to present landmark ammonia engine<\/b><b><\/b><\/p><p class=\"p1\">On a more positive note, exciting news emerged from the ammonia segment. Swiss engine manufacturer WinGD announced plans to deliver its first fully tested ammonia engine in June 2025, a significant milestone in the shipping industry&#8217;s shift to alternative fuels. The development of the ammonia engine began in 2019 and has been six years in the making. According to WinGD, nearly 30 orders of their ammonia-driven engines have already been secured for various vessel types, including gas carriers, reinforcing confidence in ammonia&#8217;s potential as a viable marine fuel. Competitors W\u00e4rtsil\u00e4 and MAN Energy Solutions are also advancing similar technologies, further supporting the transition.<\/p><p class=\"p1\"><i>Source: WinGD, Shippingwatch and Clarksons Research<\/i><\/p><\/div>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Solid vessel resale values during subdued week for VLGC segment It was a quieter week in the VLGC spot market, with rates declining in both regions. Earnings on the Ras Tanura-Chiba route dropped 23% week-on-week to $30,708\/day, although rates from the Middle East Gulf showed slight recovery signs by Friday. \u00a0 2001 VLGC vessel sold [&hellip;]<\/p>","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[70,68],"tags":[],"post_folder":[73,13],"class_list":["post-45365","post","type-post","status-publish","format-standard","hentry","category-en","category-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VLGC rates decline \u2013\u00a0WinGD\u00a0ammonia engine gets summer launch - European Maritime Finance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/maritimefinance.eu\/da\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/\" \/>\n<meta property=\"og:locale\" content=\"da_DK\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VLGC rates decline \u2013\u00a0WinGD\u00a0ammonia engine gets summer launch - European Maritime Finance\" \/>\n<meta property=\"og:description\" content=\"Solid vessel resale values during subdued week for VLGC segment It was a quieter week in the VLGC spot market, with rates declining in both regions. Earnings on the Ras Tanura-Chiba route dropped 23% week-on-week to $30,708\/day, although rates from the Middle East Gulf showed slight recovery signs by Friday. \u00a0 2001 VLGC vessel sold [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/maritimefinance.eu\/da\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/\" \/>\n<meta property=\"og:site_name\" content=\"European Maritime Finance\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-30T07:54:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-31T11:56:38+00:00\" \/>\n<meta name=\"author\" content=\"EMF\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Skrevet af\" \/>\n\t<meta name=\"twitter:data1\" content=\"EMF\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimeret l\u00e6setid\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutter\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/maritimefinance.eu\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/maritimefinance.eu\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/\"},\"author\":{\"name\":\"EMF\",\"@id\":\"https:\/\/maritimefinance.eu\/#\/schema\/person\/19e3e6acf08bba11d959f5c75e14ab45\"},\"headline\":\"VLGC rates decline \u2013\u00a0WinGD\u00a0ammonia engine gets summer launch\",\"datePublished\":\"2025-01-30T07:54:59+00:00\",\"dateModified\":\"2025-01-31T11:56:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/maritimefinance.eu\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/\"},\"wordCount\":222,\"publisher\":{\"@id\":\"https:\/\/maritimefinance.eu\/#organization\"},\"articleSection\":[\"En\",\"Market news\"],\"inLanguage\":\"da-DK\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/maritimefinance.eu\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/\",\"url\":\"https:\/\/maritimefinance.eu\/vlgc-rates-decline-wingd-ammonia-engine-gets-summer-launch\/\",\"name\":\"VLGC rates decline \u2013\u00a0WinGD\u00a0ammonia engine gets summer launch - 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