Yara Clean Ammonia (YCA), the world's largest ammonia distributor, has signed a long-term shipping contract with Navigator Amon Shipping, securing access to two state-of-the-art vessels that will strengthen YCA's position as a global leader in the low-emission ammonia market.

The two modern medium gas carriers (MGCs), each with 51,000 cbm capacity, are equipped with dual-fuel engines and ice-class notation. They will provide reliable, year-round access to Northern Europe while enabling the use of renewable and low-emission fuels.

By securing flexible, energy-efficient shipping capacity through long-term time-charter agreements, Yara Clean Ammonia is advancing its strategy to build resilient, cost-efficient, and scalable intercontinental supply chains. The two MGCs will reduce freight costs per tonne, strengthen margins, and enhance operational flexibility. Designed to meet growing market demand and tightening environmental regulations, the new fleet will future-proof YCA's shipping capabilities and further strengthen its competitiveness in the emerging low-emission ammonia market.

"Building scalable, reliable supply chains is critical to unlocking the hydrogen economy. This contract is a logistical and cost-efficient way to move large volumes of ammonia to Europe, reducing operational bottlenecks and delivering economies of scale," said Hans Olav Raen, CEO of Yara Clean Ammonia.

"Navigator is actively expanding its work with Yara Clean Ammonia with the addition of two high-spec ammonia carriers, at a time when global demand for low carbon commodities is accelerating. Together, we are building the core infrastructure needed to facilitate the uptake of clean energy using technology that will enable compliance with present and future environmental regulations," said Oeyvind Lindeman, Chief Commercial Officer of Navigator Gas.

"Amon Maritime was founded with a vision to lead the green shift in shipping by pioneering the use of ammonia fuel. Partnering with industry leaders such as Navigator Gas and Yara Clean Ammonia allows us to realize this vision and bring ammonia-powered transportation into commercial operation. These vessels mark an important milestone in building a carbon-free future for global shipping," said André Risholm, CEO of Amon Maritime.

About Yara Clean Ammonia

Yara grows knowledge to responsibly feed the world and protect the planet. Yara Clean Ammonia is uniquely positioned to enable the hydrogen economy in a market expected to grow substantially over the next decades. We aim at significantly strengthening our leading global position as the world's largest ammonia distributor, unlocking the green and blue value chains, and driving the development of clean ammonia globally.

Building on Yara's leading experience within global ammonia production, logistics and trade, Yara Clean Ammonia works towards capturing growth opportunities in low-emission fuel for shipping, power generation, low-carbon food production and ammonia for industrial applications.

Yara Clean Ammonia operates the largest global ammonia network with 15 ships and has, through Yara, access to 18 ammonia terminals and multiple ammonia production and consumption sites across the world. Revenues and EBITDA for the FY 2024 were USD 1.8 billion and USD 117 million respectively. Yara Clean Ammonia is headquartered in Oslo, Norway.

www.yaracleanammonia.com

About Navigator Gas

Navigator Holdings Ltd. ("Navigator Gas") owns and operates the world's largest fleet of handysize liquefied gas carriers and is a global leader in seaborne transportation of petrochemical gases such as ethylene, ethane, liquefied petroleum gas (LPG) and ammonia. Navigator Gas also owns a 50% share, through a joint venture, in an ethylene export marine terminal at Morgan's Point, Texas. The fleet consists of 58 semi- or fully-refrigerated liquefied gas carriers, 27 of which are ethylene and ethane capable. Navigator Gas' common stock trades on the New York Stock Exchange under the symbol "NVGS".

About Amon Maritime

Amon Maritime is leading the green shift in shipping by pioneering the use of ammonia as fuel across ship newbuildings, ship management, technology development and bunkering infrastructure. It is a maritime project development company, working with leading technology, commercial, and financial partners to build, own and operate ammonia-powered ships - and thus realize its vision of creating the world's first carbon-free shipping company. The company is privately owned by its founders, leading employees and Mosvolds Rederi, the maritime investment arm of the Glastad Group.