Navigator Amon seals financing for ammonia carrier newbuilds

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Navigator Gas, listed in New York, secured $121.8 million in financing for two ammonia-fueled gas carrier newbuilds in partnership with Norway’s Amon Maritime. The vessels, under construction in Nantong, China, are designed for ammonia transport as part of evolving maritime energy uses.

New York-listed Navigator Gas has secured $121.8m in financing for two ammonia-fuelled gas carrier newbuilds being developed with Norway’s Amon Maritime. The funding covers up to around 70% of the pair’s combined $168m contract price. The two 51,530 cu m ships are under construction at Nantong CIMC Sinopacific Offshore & Engineering in China, with deliveries …