---
title: Ammonia segment kicks off 2025
description: Ammonia-ready vessels making up over 10% of global orderbook
---

[\[Market Report\] Monthly](https://blog.maritimefinance.ch/en/market-report-monthly)

# [Ammonia segment kicks off 2025](https://blog.maritimefinance.ch/en/market-report-monthly/ammonia-segment-kicks-off-2025)

 Written by [Admin](https://blog.maritimefinance.ch/en/market-report-monthly/author/admin) | Feb 7, 2025 1:13:18 PM

Ships prepared for ammonia account for over 10% of the global order book.

The ammonia sector has made significant strides in January, enhancing its potential as a key marine fuel. When produced from green hydrogen, ammonia's ability to enable emission-free navigation makes it a favored choice among shipowners. Currently, 10.4% of the global order book is ammonia-ready, according to the Green Technology Tracker, indicating strong industry interest in this fuel.

WinGD's ammonia engine set for a summer unveiling

This month, the Swiss engine manufacturer WinGD revealed that its ammonia-compatible engine will be ready by the summer of 2025, marking a significant milestone towards emission-free navigation. MAN Energy Solutions and Wärtsilä are also developing similar engines, further promoting advancements in this area.

Potential for exceptional long-term profitability

According to the latest estimates from Transport & Environment (2024), ammonia is expected to become one of the most cost-effective marine fuels. Although VLSFO is currently the cheapest option, e-ammonia could compete with conventional fuels by the latter half of the 2030s, driven by GHG regulations and incentives for green shipping.

These advancements highlight ammonia's potential as a practical solution for achieving sustainable and emission-free navigation in the near future.

Second-hand VLGC built in 2001 sold for $48 million

Clarksons reported the sale of a non-eco-friendly VLGC built in 2001 for the remarkable sum of $48 million at the end of January. This transaction highlights the liquidity and value retention in the second-hand LPG ship market, providing investors with confidence in the market's stability and appeal.

*Source : Shippingwatch, Transport & Environment (2024).*

 

[View full post](https://blog.maritimefinance.ch/en/market-report-monthly/ammonia-segment-kicks-off-2025)

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