$121.8 Million Loan Backs Navigator Amon Shipping's Ammonia-Fuelled Newbuildsby Ship & Bunker News TeamThe financing will cover up to 70% of the cost. Image Credit: Amon MaritimeNavigator Amon Shipping has agreed a post-delivery term loan of up to $121.8 million for two newbuild ammonia-fuelled gas carriers. The firm is a joint venture between Navigator Gas and Amon Maritime, Navigator Gas said in a press release on Monday. The loan will run for six years after delivery and carry interest at SOFR plus 1.35%. Pre-delivery payments and the remaining portion of the delivery instalments will be funded by Navigator Amon Shipping's shareholders.