PartnershipJun 22, 2026, 02:24 AM
CMB.TECH, Fortescue sign deal for 12 ammonia-capable vessels
AI Summary
CMB.TECH NV and Fortescue have signed a landmark agreement for the charter of up to 12 ammonia-capable vessels, aiming to decarbonize global shipping. Under the deal, CMB.TECH's Bocimar division will charter 12 Newcastlemax vessels to Fortescue, with up to three delivered with dual-fuel ammonia engines by late 2026 and the rest being ammonia-ready. This initiative could reduce carbon dioxide emissions by approximately 250,000 tonnes annually if fueled by green ammonia, marking a significant step in advancing ammonia as a viable marine fuel. CMB.TECH also announced its Q2 2026 results will be released on August 27, 2026.
Key Highlights
- CMB.TECH and Fortescue signed an agreement for charter of up to 12 ammonia-capable vessels.
- Bocimar, CMB.TECH's dry bulk division, will charter 12 Newcastlemax vessels (210,000 dwt).
- Up to 3 vessels will have dual-fuel ammonia engines, expected by end of 2026.
- Remaining 9 vessels will be ammonia-ready for future conversion.
- Combined fleet could reduce CO2 emissions by approximately 250,000 tonnes annually.
- CMB.TECH will announce Q2 2026 results on August 27, 2026.
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