Fortescue, CMB.TECH Sign Deal for Up to 12 Ammonia-Capable Bulk Carriers

Australian mining giant Fortescue has signed an agreement with Belgian shipping group CMB.TECH to charter up to 12 ammonia-capable Newcastlemax bulk carriers, in one of the largest commercial commitments yet to ammonia as a marine fuel.

Australian mining giant Fortescue has signed an agreement with Belgian shipping and cleantech group CMB.TECH to charter up to 12 ammonia-capable Newcastlemax bulk carriers, in one of the largest commercial commitments yet to ammonia as a marine fuel.

The agreement covers 12 Newcastlemax dry bulk vessels, each with a carrying capacity of 210,000 deadweight tons, which will be operated by CMB.TECH’s dry bulk division, Bocimar. The deal is aimed at accelerating the decarbonization