Anglo-Belgian Corporation and Ukrainian Danube Shipping Company have signed a letter of intent for a €90 million purchase of hybrid fuel engines for 33 tugs.

The engines, which can run on diesel, hydrogen, or methanol, comply with EU standards and would allow Ukrainian Danube continued access to the Danube and, potentially, the Rhine.

The state-owned Ukrainian Danube Shipping Company is pursuing a $200 million ship investment program that would allow it to increase its capacity to carry 4 million tons of cargo on the Dnipro

, a 40% increase over the river’s 2019 cargo level. In a first step, the parent agency, the Infrastructure Ministry, has endorsed the Danube Shipping’s plan to build 16 tugs and 31 barges for use on the Dnipro. The Ministry also promised to transfer to the company its river ports and terminals. Danube Shipping is in negotiations with the EBRD and other international financial institutions to secure low interest financing. By replacing trucks on the highways, river transportation bonds and