Fortescue and CMB.TECH sign charter deal for up to 12 ammonia-capable bulkers

Corporate ActionIndustry
โดย GlobeNewswire·Read original
Summary · why it matters

Fortescue and CMB.TECH have signed a milestone agreement for the charter of up to 12 ammonia-capable Newcastlemax vessels from Bocimar, the dry bulk division of CMB.TECH. Up to three of the 210,000-dwt vessels will be delivered with dual-fuel ammonia engines and are expected to enter service by the end of 2026, while the remaining nine will be ammonia-ready and can be converted later. If fuelled by green ammonia, the combined fleet could cut carbon dioxide emissions by approximately 250,000 tonnes a year compared with conventional marine fuels. Fortescue Director Integrated Operations Katie Charuga said the deal represents a practical step towards scaling green ammonia in shipping, building on the company's Green Pioneer demonstration vessel. CMB.TECH CEO Alexander Saverys called the agreement a powerful signal that the sector can decarbonise at scale with determined partners.

Impact on stocks 1

Energy · 1 stocks
CMB.TECH NV
CMBT
▲ PositiveDemandrelevance

Bocimar, the dry bulk division of CMB.TECH, charters up to 12 ammonia-capable vessels to Fortescue, generating revenue and showcasing its dual-fuel technology.

Theme Impact 2

Off-coverage companies 1

Fortescue LtdPrivate▲ Positive
Technologyrelevance

Fortescue advances its green ammonia shipping strategy by chartering ammonia-capable vessels, building on its Green Pioneer demonstration vessel.

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