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Peninsula and ITOCHU establish ammonia bunkering joint venture for European ports

I&P Marine Ammonia has been created to promote the supply of ammonia as a next-generation zero carbon bunker fuel, with an initial focus on major strategic European and Mediterranean hubs.

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Peninsula and ITOCHU establish ammonia bunkering joint venture for European ports

Global marine energy supplier Peninsula on Wednesday (8 July) announced the establishment of I&P Marine Ammonia Ltd. (IPMA), a joint venture with ITOCHU Corporation, to accelerate the development of ammonia marine fuel bunkering across key European ports.

IPMA has been created to promote the supply of ammonia as a next-generation zero carbon marine fuel, with an initial focus on major strategic European and Mediterranean hubs. These locations represent critical regions in global maritime logistics and will play a central role in enabling the adoption of alternative fuels at scale.

The formation of IPMA builds directly on the Memorandum of Understanding (MoU) signed between Peninsula and ITOCHU in September 2023, which established a framework for the joint development of ammonia bunkering infrastructure and supply chains.

Manifold Times previously reported the European Commission (EC) approving the creation of a joint venture by ITOCHU and Peninsula under the EU Merger Regulation.

“Ammonia is widely seen as the most reasonable option among zero‑carbon marine fuel alternatives, supporting the shipping industry’s transition in line with increasingly stringent regulatory and environmental requirements,” Peninsula said.

“The creation of IPMA marks a significant step towards the commercialisation of ammonia as a marine fuel.”

Peninsula has been advancing the alternative fuels landscape, with established capabilities across LNG, Bio LNG, biofuels and other alternative solutions such as methanol and ammonia. This joint venture represents a natural progression of the company’s strategy to provide customers with practical, scalable decarbonisation pathways.

The partnership combines Peninsula’s global bunkering expertise, an established global supply network and deep customer relationships covering over 500 ports across all major bunkering hubs with ITOCHU’s integrated approach, spanning fuel production and supply chain development.

“Together, Itochu and Peninsula will combine these strengths to develop a robust ammonia bunkering framework, pairing upstream supply and infrastructure with the customer-facing expertise required to deliver ammonia as bunker fuel reliably at scale,” the company added. 

With an initial focus on Europe, IPMA is well positioned to accelerate the emergence of an operational ammonia marine fuel supply chain, complementing and reinforcing the broader industry initiatives already underway across the region.

Related: EC gives green light on Itochu-Peninsula ammonia bunkering joint venture
Related: Spain: Itochu, Peninsula enter MOU for joint development of ammonia bunkering in Gibraltar Strait

 

Photo credit: Peninsula
Published: 9 July, 2026

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Ammonia

Grimaldi Group unveils ammonia-ready PCTC in Türkiye

Named after Türkiye’s largest city and economic capital, the “Grande Istanbul” is one of the 17 latest-generation, ammonia-ready PCTCs commissioned by the Grimaldi Group.
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July 7, 2026

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Grimaldi Group unveils ammonia-ready PCTC in Türkiye

Grimaldi Group recently presented the Grande Istanbul, one of its latest-generation, ammonia-ready Pure Car & Truck Carriers (PCTCs), during a ceremony held at Autoport in Kocaeli, Türkiye.

Named after Türkiye’s largest city and economic capital, the Grande Istanbul is one of the 17 latest-generation, ammonia-ready PCTCs commissioned by the Grimaldi Group.

The vessel offers a capacity of up to 9,241 CEUs while reducing CO₂ emissions per unit of cargo by up to 50% compared with previous-generation car carriers.

“The ceremony reaffirmed the Group’s long-term commitment to Türkiye, where it has been operating for almost five decades,” the company said in a social media post.

“Today, around 20 state-of-the-art ro-ro vessels and PCTCs connect Turkish ports with a global network of more than 150 ports in over 60 countries, supporting the country’s automotive industry and international trade.”

The Grande Istanbul is currently deployed on the Grimaldi Group’s EuroMed Service, linking several ports in Northern Europe and the Mediterranean, including Autoport, Borusan, Derince, Gemlik, Haydarpaşa and İzmir in Türkiye. 

 

Photo credit: Grimaldi Group
Published: 7 July, 2026

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Alternative Fuels

Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Following the successful deployment of “ONE Singapore” and its sister vessels, “ONE Solidarity” will be deployed on the Mediterranean Pacific South 2 (MS2) service.
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July 3, 2026

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Singapore-based ONE celebrates maiden voyage of methanol-and-ammonia ready boxship

Singapore-based container shipping company Ocean Network Express (ONE) on Thursday (3 July) said it celebrated the maiden voyage of containership ONE Solidarity as the ship made its first-ever arrival in Shekou, China. 

“As one of our S-series methanol and ammonia ready container vessels, ONE Solidarity is another demonstration of ONE’s commitment to sustainable shipping,” the company said in a social media post. 

Following the successful deployment of ONE Singapore and its sister vessels, ONE Solidarity will be deployed on the Mediterranean Pacific South 2 (MS2) service. 

“Her deployment will boost our service capacity, ensuring faster, more reliable, and highly efficient shipping offerings across key global trade lanes,” the company added.

 

Photo credit: Ocean Network Express
Published: 3 July, 2026

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Alternative Fuels

DNV: Alternative-fuelled vessel orders down 11.6% in H1 2026

In total, 137 alternative-fuelled vessels were ordered in the first half of 2026 compared to 155 in the same period in 2025.

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July 3, 2026

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DNV: Alternative-fuelled vessel orders down 11.6% in H1 2026

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform showed a total of 15 new orders for alternative-fuelled vessels were placed in June 2026.

This consisted of 10 orders for LNG-fuelled vessels, nine of which were car carriers and one a CO2 carrier. The remaining five orders were for LPG/ethane carriers.

Two LNG-bunker vessels were also ordered in June, bringing the total in this segment to seven so far in 2026.

In total, 137 alternative-fuelled vessels were ordered in the first half of 2026, down 11.6% from 155 in the same period in 2025. 

Over half of these (73) were for LNG-fuelled vessels, with most coming from the container (42) and car carrier (21) segments. LPG/ethane carriers were also prominent, with 55 new orders, a significant uptick compared to the first half of 2025 (15). The remaining orders were for vessels fuelled by methanol (2), ethanol (2), ammonia (4), and hydrogen (1).

Deliveries in the first half of the year point to continued uptake of alternative-fuelled tonnage across several segments, with 61 LNG-fuelled vessels and 38 methanol-fuelled vessels delivered so far in 2026.

More recently, Exmar took delivery of what it described as the first oceangoing dual-fuel ammonia vessel, marking a step beyond earlier ammonia-fuelled deliveries, which have largely been associated with pilot or demonstration projects rather than commercial deployment.

DNV: Alternative-fuelled vessel orders down 11.6% in H1 2026

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “What we can take away from the first half of 2026, in terms of the alternative-fuels orderbook, is that we have a market progressing at different speeds depending on segment economics, fuel availability, and the regulatory landscape. Shipowners and other stakeholders are pursuing different pathways based on their individual priorities and requirements.

“LNG remains the leading near-term fuel option, with order activity continuing to be led by containers and car carriers. LPG and ethane carriers have also accounted for a significant share of activity in the first half of the year, while developments in areas such as ammonia and ethanol show that multiple pathways continue to be explored.”

 

Photo credit: DNV
Published: 3 July, 2026

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