Norwegian state enterprise awards grants to Amon Maritime, LH2 Shipping

The Norwegian state enterprise owned by the ministry of climate and environment Enova is now supporting new projects that use hydrogen and ammonia as fuel in ships, in the latest round of investments in emission-free shipping.

Amon Maritime has secured a NOK 253m investment grant from Enova to support the construction of two newbuild bulk carriers powered by ammonia, Amon Bulk 1 and Amon Bulk 2.

The two vessels represent different segments and sizes. Specifically, Amon Bulk 1 is a capesize bulk carrier, typically around 180 000 deadweight tons (dwt), designed for long-haul transport of heavy bulk commodities.

On the other hand, Amon Bulk 2 is a kamsarmax bulk carrier, approximately 80 000-85 000 dwt, offering greater port flexibility while maintaining high cargo capacity and energy efficiency.

The grant is awarded under Enova’s program for ammonia-powered vessels and marks a major step toward the 2050 targets.

“The technology is still new. Now we will support the industry in building experience”, says Nils Kristian Nakstad, managing director of Enova.

Amon’s newbuilds are scheduled for delivery by 2029 and