Japanese trading house Itochu Corp has invested in UK-based Purus Marine, an expanding shipowning company focused on low-carbon shipping investments.
Established in 2020, the Julian Proctor-led outfit has already acquired a fleet of more than 60 vessels in the ammonia and LNG sectors, battery hybrid offshore wind vessels as well as carbon capture and scrubber-fitted containerships and electric ferries.
Itochu has been heavily involved in the development of the Japanese ammonia supply chain, including ammonia-powered deepsea ships.
The size of the investment, which will see the two companies jointly develop and own low-carbon assets that contribute to decarbonation in the Japanese market, has not been disclosed. Both companies have been approached for comment.
Tags: Electric Ferries, Itochu Corp, Purus Marine, Ship Owning Company
Recent Posts
IMO issues interim guidelines for ammonia-fuelled ships’ safety
India’s second green hydrogen auction awards $258m to 9 companies
Indian OMCs launch new biodiesel tender for FY 2025-26
India’s first hydrogen train set for launch by March 31
India approves legislation to boost oil and gas exploration
HIF Global leads the way with first US e-Fuels route clearance
Baltic Exchange introduces biofuel blends in latest expansion of its emissions calculator
COSCO SHIPPING sets new record for biofuel bunkering