GlobeNewsWire
22 Jun 2026, 06:22 UTC · 3h ago
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CMB.TECH and Fortescue signed an agreement for the charter of up to 12 Newcastlemax ammonia-capable vessels. — Secures a significant long-term revenue stream for CMB.TECH's dry bulk division and validates their ammonia technology.
+0.40Up to three vessels will be delivered with dual-fuel ammonia engines and are expected to enter service by the end of 2026. — Provides a concrete timeline for the commercial deployment of zero-emission shipping technology.
+0.30Nine of the chartered vessels will be 'ammonia-ready,' allowing for future conversion to ammonia fuel. — Indicates a scalable transition strategy but carries less immediate impact than dual-fuel delivery.
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The company signed a milestone agreement to charter up to 12 ammonia-capable vessels, securing a significant commercial partnership.
The company is advancing its decarbonization goals and 'Real Zero' target through the adoption of green ammonia shipping.
[a_to_b] CMB.TECH (via its division Bocimar) is providing 12 chartered ammonia-capable vessels to Fortescue.
[b_to_a] Fortescue is chartering a fleet of Newcastlemax vessels from CMB.TECH's dry bulk division.
[mutual] The companies have a long-term partnership focused on decarbonising shipping through ammonia fuel technology.
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