Trading giant orders four gas carriers, committing to green marine fuel

Global trading giant Trafigura has placed an order for four dual-fuel, ammonia-capable gas carriers, signalling growing momentum behind ammonia as a future marine fuel. The vessels will be built by HD Hyundai Mipo and are scheduled for delivery starting in 2028.

Industry heavyweights turning to net-zero fuel
This represents some of the first confirmed orders for medium gas carriers (MGCs) designed to operate on ammonia, highlighting the commitment of major industry players to decarbonise shipping. The vessels will be fitted with WinGD ammonia engines and safety systems tailored to manage ammonia’s unique challenges.

The move underscores a clear vote of confidence in ammonia’s long-term role in maritime energy and reinforces the structural case for investments in the ammonia segment, where global ammonia trade and infrastructure are poised to expand. EMF currently has a portfolio of three VLAC’s.