When did Sulnox announce the Spring Marine agreement?

Sulnox announced the agreement on 22 September 2026.

How long is Sulnox’s supply agreement with Spring Marine?

Sulnox’s supply agreement with Spring Marine has a four-year term.

How many vessels does Sulnox’s agreement with Spring Marine cover?

The agreement covers the supply of Sulnox Eco™ for use across at least 34 vessels.

How much Sulnox Eco™ product will Spring Marine receive under the agreement?

The agreement covers approximately 600,000 litres of Sulnox Eco™ over the contract term.

How does the new Sulnox agreement change Spring Marine’s product volumes?

The agreement represents an increase of approximately 70,000 litres of Sulnox per annum from current levels. Sulnox attributes this to planned fleet expansion and larger vessels consuming more fuel.

How much is Spring Marine investing in Sulnox?

Spring Marine will make a strategic investment of up to £1,100,000 in Sulnox alongside its supply commitment.

What does Spring Marine do and what vessels does it operate?

Spring Marine is a Greek ship management company that operates a fleet of tankers and bulk carriers. It first introduced Sulnox Eco™ on a number of its vessels in 2023.

What fuel savings has Spring Marine reported from using Sulnox Eco™?

Spring Marine has reported consistent fuel savings averaging approximately 5% from extensive operation using Coriolis mass flow meters, torque meters and engine performance monitoring systems. It also reported reductions in specific fuel oil consumption and improved engine efficiency.

What operational and maintenance benefits has Spring Marine reported from Sulnox Eco™?

Spring Marine has reported cleaner combustion components and injectors, reduced carbon build-up, minimal sludge generation and consistently cleaner exhaust emissions with no visible black smoke.

What does the Sulnox Board expect from the Spring Marine agreement?

The Sulnox Board expects the agreement to generate significant incremental revenue for Sulnox and to further strengthen the company’s presence within the Greek shipping market.

How does Sulnox describe the significance of Spring Marine’s investment and supply commitment?

Sulnox describes Spring Marine’s decision to invest alongside its supply commitment as a further endorsement of the Sulnox Eco™ product and the company’s growth prospects. Sulnox CEO Ben Richardson said the arrangement deepens the relationship with Spring Marine as it continues to grow and develop its fleet.

Why did Spring Marine agree to a four-year supply agreement with Sulnox?

Captain George Chondronikolas, General Manager of Spring Marine, said the company had used Sulnox Eco™ for three years and had seen consistent and measurable benefits across its operations. He said the decision reflected Spring Marine’s confidence in the product and the results it continued to deliver.

Home
News Intelligence
Sulnox Group PLC
Sulnox signs four-year Spring Marine supply agreement with investment of up to £1,100,000

Back to all Sulnox Group PLC press releases

Sulnox Group PLC

AQSE:SNOX
OTCQX:SNOXF

Sulnox signs four-year Spring Marine supply agreement with investment of up to £1,100,000

Name: Video summary of Sulnox signs four-year Spring Marine supply agreement with investment of up to £1,100,000
Uploaded: 2026-10-15T15:32:06+00:00
Duration: 55 s
Description: Sulnox has signed a four-year Sulnox Eco™ supply agreement with Spring Marine covering at least 34 vessels and approximately 600,000 litres of product.

Published Tuesday, 22 September 2026

Get alerts

Plain English summaries when Sulnox Group PLC announces news.

At a glance

Company: Sulnox Group PLC
Listings: AQSE:SNOX, OTCQX:SNOXF
Announcement type: Contract award
Published: Tuesday, 22 September 2026
Source announcement: sulnoxgroup.com

Key figures
Measure	Figure	Period
Supply of Sulnox Eco™	approximately 600,000 litres of product	over the contract term
Vessels	at least 34 vessels	over the contract term
Fuel savings	approximately 5%	Not stated

Figures are quoted from this announcement and selected automatically.

FAQSIR Generated from this announcement View original release below for safe harbor and regulatory notices

Video summary 55 seconds

The video covers the same ground as the plain English summary below.

Announcement Summary

Sulnox announced a supply agreement and investment involving Spring Marine Management S.A. and Sulnox Eco™.

The four-year agreement covers Sulnox Eco™ supplied for use across at least 34 vessels.
The contract covers approximately 600,000 litres of product over its term, reflecting planned fleet expansion and larger vessels.
Spring Marine will make a strategic investment of up to £1,100,000 in Sulnox alongside its supply commitment.
Spring Marine has reported average fuel savings of approximately 5%, reduced specific fuel oil consumption, and cleaner engine components and injectors.

The Board expects the Agreement to generate significant incremental revenue for Sulnox and further strengthen its presence in the Greek shipping market.

Investor FAQs

Sulnox announced the signing of a four-year supply agreement with Spring Marine Management S.A., alongside a strategic investment by Spring Marine of up to £1,100,000 in Sulnox. The agreement covers Sulnox Eco™ for use across Spring Marine’s vessels.

Source announcement

Company: Sulnox Group PLC
Title: Four-Year Supply Agreement and Investment with Spring Marine
Published: Tuesday, 22 September 2026
Source site: sulnoxgroup.com

Read the source announcement on sulnoxgroup.com

FAQSIR's summary and investor FAQs are generated by AI from the text of this announcement alone, without information from other sources.

Figures, forecasts and other claims are the announcement's, not FAQSIR's. FAQSIR does not independently verify them.

Read the original press release

Full text as published, unedited.

Loading the original release…

Important Notice And Disclaimer

This article was generated by an artificial intelligence system from an announcement published by the issuer. It has not been independently researched, verified, or edited by a journalist, and no person holds editorial responsibility for its wording.

The issuer named in this article has not paid for this page and has no commercial relationship with its publisher. This is an unpaid evaluation preview produced from announcements the issuer published publicly, and it is not independent editorial coverage.

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.

Ask about this announcement

Answers drawn only from this announcement

Reading the announcement…