Charter Agreement for Ammonia-Powered Iron Ore Carrier Signed

This underscores both companies’ commitment to decarbonizing the shipping industry. The 210,000-tonne Newcastlemax will be equipped with a dual-fuel engine and is expected to be delivered by the end of 2026.

Fortescue and Bocimar, a subsidiary of CMB.TECH, have entered into an agreement for an ammonia-powered Newcastlemax vessel with a dual-fuel engine. The 210,000-tonne ship is part of a series of large bulk carriers currently being built by CMB.TECH at the Qingdao Beihai Shipyard and is scheduled for delivery to Fortescue by the end of next year. It will play a key role in transporting iron ore from the Pilbara region to customers in China and around the world.

While Fortescue is committed to eliminating Scope 1 and Scope 2 emissions from its Australian iron ore operations by 2030, its net-zero target for Scope 3 emissions by 2040 highlights the challenge of addressing emissions from shipping and steel production.

Fortescue is taking a global leadership role by advocating for the early adoption of zero-emission fuels such as green ammonia — a carrier widely recognized as a long-term solution — while deliberately avoiding transitional fuels such as biofuels and LNG.

The Fortescue Green Pioneer, the world’s first ammonia-powered dual-fuel vessel, has been docked in London since early March and is soon set to embark on a global port tour to raise awareness of the urgent need to accelerate the transition to zero-emission fuels.

Source and Photo: CMB.TECH nv