Ultragas betting on second-hand ships: "Right now it's the better choice"

New technologies and fuels make Ultragas refrain from ordering ships as part of a large-scale fleet renewal. The shipping company has therefore bought second-hand ships, CEO Martin Fruergaard tells ShippingWatch.

Martin Fruergaard is CEO of gas shipping company Ultragas. | Photo: PR/Ultragas

by SØREN PICO

The green transition in the shipping sector, where new technologies and fuels are expected to gain ground, are a main theme for Ultragas in its approach to ways of renewing its fleet of gas vessels.

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