The effort to order Ultrabulk's first, and probably the first Danish-owned, ammonia-powered bulk carrier is being delayed.
CEO Hans-Christian Olesen would have preferred to have had the necessary agreements in hand last year, enabling him to place an order with a shipyard. Now, he hopes the pieces will fall into place before the end of the year, h...
Danish-owned ammonia ship delayed: "I still believe we'll get it sorted"
A question of financing means that the necessary agreements are not yet in place. However, negotiations with shipyards are ongoing, and the specifications for the ships have been finalized. - It actually looks positive, says the CEO.
Danish Ultrabulk had anticipated the delivery of its first ammonia-powered bulk carrier in 2026 or 2027. Now, the fourth quarter of 2027 or the first quarter of 2028 looks more realistic. Photo: Ultrabulk
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