Fortescue's charter of up to 12 ammonia-capable newcastlemax bulk carriers from CMB.TECH signals a major step toward zero-emission dry bulk shipping, with potential implications for future charter rates and supply chain decarbonization for shippers and operators.
The agreement, announced by Fortescue and CMB.TECH, covers vessels of 210,000 dwt from Bocimar, the dry bulk arm of CMB.TECH, according to Splash247. Up to three ships will be delivered with dual-fuel ammonia engines and are expected to enter service by the end of 2026. The remaining nine vessels will be delivered ammonia-ready, allowing conversion to ammonia fuel at a later date. The deal deepens a relationship between Fortescue and Bocimar that extends over two decades.
Implications for Dry Bulk Shipping
If operated on green ammonia, the fleet could cut carbon dioxide emissions by around 250,000 tonnes annually compared with conventional marine fuels, the companies stated. This is significant for freight forwarders and logistics managers involved in dry bulk commodities, as it demonstrates a clear pathway to reducing scope 3 emissions in shipping.
“The shipping industry doesn’t need more talk. It needs action,” said Katie Charuga, Fortescue director of integrated operations. “Green ammonia is one of the clearest pathways to reducing carbon dioxide emissions from shipping, and these vessels represent a practical step towards that future.”
Alexander Saverys, chief executive of CMB.TECH, added: “Fortescue and Bocimar have built a strong partnership over more than two decades, grounded in shared values and a clear commitment to decarbonise shipping. This agreement marks an important step in showcasing ammonia as a viable marine fuel and advancing the transition to zero-emission shipping.”
Fleet Composition and Timeline
The 12-vessel order is structured in two tranches:
| Vessel Type | Number of Vessels | Delivery Timeline | Fuel Capability |
|---|---|---|---|
| Dual-fuel ammonia engines | 3 | By end of 2026 | Immediate ammonia operation |
| Ammonia-ready (to be converted) | 9 | Timing not specified | Future ammonia conversion |
Broader Industry Context
CMB.TECH continues to build one of the industry’s largest ammonia-fuelled orderbooks. Last year, the company joined forces with Japanese owner MOL on a series of ammonia dual-fuel capesize bulk carriers and chemical tankers, reinforcing its position as one of the most aggressive backers of ammonia propulsion in commercial shipping.
Fortescue has also emerged as one of the strongest advocates for ammonia as a marine fuel. The Australian mining giant converted the vessel Fortescue Green Pioneer into the world’s first ammonia dual-fuel ship to complete demonstration voyages and regulatory trials. Other mining giants, including BHP, Rio Tinto and Vale, are testing multi‑fuel bulkers and wind‑assist rigs as part of wider efforts to cut sailing emissions.
Watch List
- Conversion timeline for the nine ammonia-ready vessels and any additional orders from Fortescue or other miners.
- Availability and pricing of green ammonia as a marine fuel for bulk carriers on key routes such as Australia-to-China iron ore trade.
- Regulatory developments, including IMO decarbonization targets, that could accelerate adoption of ammonia propulsion.
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