Ammonia-powered shipping won big on Tuesday, as the Norwegian government handed out NOK 240m ($22.2m) in grants to push the alternative fuel forward.

Viridis Bulk Carriers received NOK 152m to build two ammonia-fuelled shortsea bulkers, while Yara Clean Ammonia and Viridis affiliate Azane Fuel Solutions bagged NOK 48m for an ammonia bunkering barge.

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Additionally, Yara Clean Ammonia and North Sea Container Line (NCL) received NOK 40m for an ammonia-powered boxship.