Fortescue charters up to 12 ammonia-capable vessels to advance zero-emissions shipping
Australian iron ore giant Fortescue has signed an agreement with Belgian maritime company CMB.Tech to charter up to 12 ammonia-capable vessels, advancing the decarbonisation of global shipping. Up to three vessels with dual-fuel ammonia engines are expected by end of 2026, while nine others will be ammonia-ready and convertible in the future.
Key quotes
Fortescue has signed an agreement with Belgian maritime giant CMB.Tech to charter up to 12 ammonia-capable vessels, a significant step in the company's efforts to scale the decarbonisation of global shipping
Up to three of the 12 vessels – measuring 210,000 deadweight tonnage (dwt) – will be delivered with dual-fuel ammonia engines and are expected to enter service by the end of 2026
Nine other vessels will be ammonia-ready, able to be converted to operate on ammonia in the future
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