PartnershipJun 22, 2026, 04:17 PM
CMB.TECH & Fortescue Partner for 12 Ammonia-Capable Vessels
AI Summary
CMB.TECH NV and Fortescue have signed a milestone agreement for the charter of up to 12 ammonia-capable vessels. This partnership aims to accelerate the decarbonization of global shipping and advance the adoption of ammonia as a marine fuel. Fortescue will charter the vessels from Bocimar, CMB.TECH's dry bulk division, with up to three vessels delivered with dual-fuel ammonia engines by late 2026 and the remaining nine being ammonia-ready for future conversion. This initiative could reduce carbon dioxide emissions by approximately 250,000 tonnes annually if fueled by green ammonia.
Key Highlights
- CMB.TECH and Fortescue signed an agreement for up to 12 ammonia-capable vessels.
- Fortescue will charter 12 Newcastlemax vessels (210,000 dwt) from Bocimar.
- Up to 3 vessels will be delivered with dual-fuel ammonia engines by end of 2026.
- The remaining 9 vessels will be ammonia-ready for future conversion.
- The fleet could reduce CO2 emissions by approximately 250,000 tonnes annually.
Price Impact
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