Fortescue, CMB.TECH advance zero-emission iron-ore shipping

Australian mining giant Fortescue has signed an agreement with Belgian maritime group CMB.TECH to charter up to 12 ammonia-capable Newcastlemax bulk carriers, advancing the use of green ammonia as a marine fuel and help to decarbonize the global shipping industry.

The agreement, announced on June 22, expands on a previous deal inked between the two companies in 2025 to deploy a single ammonia-powered vessel for iron ore shipments, as Mysteel Global reported. Under the new deal, Fortescue will charter a fleet of 12 Newcastlemax dry bulk vessels (210,000 dwt) from