Greek shipping powerhouse Thenamaris has officially entered the Very Large Ammonia Carrier (VLAC) sector with a strategic order for two high-capacity newbuildings. The agreement, signed with China’s Jiangnan Shipyard and facilitated by CSSC Trading, marks a significant milestone for the Nikolas Martinos-led company as it diversifies its fleet into the emerging green energy transport market.
Advanced Engineering and Efficiency
The two vessels, each boasting a capacity of 90,000 cubic meters, are scheduled for delivery in 2029. Designed with modern environmental regulations in mind, the ships will feature a low-resistance hull specifically optimized for "Old Panamax" dimensions. This design choice is intended to maximize cargo intake while significantly reducing fuel consumption during transit.
Industry reports indicate that these VLACs will be equipped with LPG dual-fuel engines. This propulsion technology is expected to provide substantial environmental benefits, including:
- An estimated 20% reduction in CO2 emissions.
- A near 99% reduction in SOx emissions.
- Full compliance with the Energy Efficiency Design Index (EEDI) Phase III requirements.
Strategic Growth in Gas Shipping
For Thenamaris, this move represents a logical expansion of its existing energy transport portfolio. The company already manages a robust fleet in the gas sector, including six LPG carriers and seven LNG carriers. By securing these VLAC slots, Thenamaris positions itself as a key player in the global ammonia supply chain, which is widely viewed as critical for the transition to a low-carbon economy.
Strengthening Partnerships
The contract also marks the first direct collaboration between Thenamaris and Jiangnan Shipyard. The Chinese yard has become a hub for VLAC construction, recently securing similar high-profile orders from industry leaders such as Eastern Pacific Shipping and Southwest Maritime.
In addition to its ventures in the gas and ammonia sectors, Thenamaris continues to modernize its liquid bulk fleet. The company currently has two Suezmax tankers under construction at Shanghai Waigaoqiao Shipbuilding, with delivery anticipated in 2027.