Itochu, Peninsula to work for development of ammonia bunkering

General trading company Itochu Corporation and marine fuels supplier Peninsula Petroleum have executed a memorandum of understanding (MoU) on the joint development of ammonia bunkering in Spain. Itochu stated that, together with Peninsula and future partners, it aims to establish a global ammonia supply chain by promoting the joint development of an ammonia bunkering in

Itochu invests in Purus Marine for low-carbon assets

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