Höegh Autoliners at a single stroke one ship sale and one purchase

Norway’s roro Höegh Autoliners revealed yesterday that it has secured significant Enova funding for two ammonia-powered vessels.

The company has received an injection of almost $14m (NOK 146m) to use the alternative and sustainable fuel for two of its vessels. Höegh has applied for Enova funding for two of their 12 confirmed vessels to reduce the additional cost of this solution compared to a vessel that would be “ammonia ready”.

Now the owner claims significant progress in its ambition to make the Aurora Class the world’s first PCTC vessel to run on ammonia.

Höegh Autoliners has a total of 12 aurora-class vessels on order. The vessels transport rolling cargo such as cars, agricultural machinery, and mining equipment, as well as general solo cargo needing to be shipped.

All 12 vessels are designed with engines that run on liquefied natural gas (LNG) and low-sulfur oil, and with an ammonia-ready certification from DNV.

Each of Höegh Autoliners’ two planned ammonia vessels has been granted almost $7m (NOK 73m), with the total coming to almost $14m (NOK 146m).

Andreas Enger, chief executive of Höegh Autoliners, said: “At Höegh Autoliners, we take leadership by actively collaborating with a wide range of highly qualified and dedicated suppliers to make clean ammonia viable as a zero-emission shipping fuel.

“We believe it is important for shipping companies to send a clear signal to the rest of the value chain that the technology can be realized in a short time and that there will be demand for carbon-neutral fuel. Almost all Höegh Autoliners vessels sail under the Norwegian flag and have significant Norwegian content from the Norwegian cluster.”

“The support from Enova, together with our innovative multi-fuel vessel design, significantly helps derisking the choice of bringing the first zero-carbon vessels to our industry,” Andreas Enger added.

Source: Höegh Autoliners