Zodiac targets ammonia shipping with Hanwha deal
AI Summary
Zodiac Maritime has secured a significant deal with Hanwha Ocean to construct very large ammonia carriers, marking a shift into the gas carrier market. This strategic move reflects Zodiac's intent to diversify its fleet beyond traditional shipping vessels.
London-based Zodiac Maritime is making a major move into the gas carrier sector, ordering a series of very large ammonia carriers in South Korea as the company expands beyond its recent tanker and containership buying spree. The Eyal Ofer-controlled diversified owner has contracted Hanwha Ocean for three firm VLACs, with options that could lift the …