Geneva’s trader Montfort moves into the medium gas carrier segment with two newbuildings which significantly advances its greener energy solutions.
The company has signed long-term time charter agreements, including purchase options, with a large Japanese shipowner for two medium gas carrier (MGC) newbuildings.
The company didn’t disclose the name of the shipowner but revealed that “this strategic partnership,” as it is described by Montfort, “advances its goal to increase the company’s LPG / ammonia shipping and trading activities.”
According to Montfort, the two medium gas carriers (MGC) are scheduled for delivery in the second half of 2026 from the Yangzi-Mitsui Shipyard.
The vessels are dual fuel and can run on LPG or very low sulphur fuel oil (VLSFO), and when LPG is used as fuel, the emissions are greatly reduced.
A statement posted on Wednesday on Montfort’s LinkedIn page said that this is the first step in its strategic ambition to increasingly operate mid- to large-sized vessels in the LPG and ammonia segments.
“By diversifying our transportation services, we are better equipped to meet the evolving needs of both existing and prospective clients,” added Montfort in its statement.
