CMB.TECH and Fortescue Collaborate to Decarbonize Shipping Industry with New Ammonia-Powered Vessel
Antwerp, Belgium – April 14, 2025 – CMB.TECH NV, a leading technology company listed on the New York Stock Exchange (NYSE: CMBT) and Euronext Brussels (CMBT), has announced a significant step towards decarbonizing the shipping industry. The company has signed an agreement with Fortescue, a global mining and resources company, to charter a new ammonia-powered vessel.
The New Ammonia-Powered Vessel
This new 210,000-dwt Newcastlemax vessel will be a game-changer in the maritime sector. It will feature a dual fuel engine capable of running on both ammonia and traditional fossil fuels. The ammonia-powered engine is expected to reduce greenhouse gas emissions by up to 20% compared to conventional vessels.
Commitment to Decarbonize the Shipping Industry
Both CMB.TECH and Fortescue have shown their commitment to reducing carbon emissions in the shipping industry. This collaboration is a testament to their shared vision of a greener future. Fortescue has already pledged to be carbon-neutral by 2030, and this new vessel is a significant step towards achieving that goal.
Delivery and Impact
The ammonia-powered vessel is expected to be delivered by the end of 2026. This collaboration between CMB.TECH and Fortescue is expected to have a ripple effect on the industry. Other shipping companies may follow suit and invest in similar technologies to reduce their carbon footprint.
Impact on Consumers
As more companies invest in decarbonizing their shipping operations, consumers may see a reduction in their carbon footprint as well. This could lead to a shift in consumer preferences towards companies that prioritize sustainability. Additionally, the increased use of ammonia as a fuel source could lead to a decrease in its price, making it more accessible to a wider range of consumers and industries.
Impact on the World
The shipping industry is a significant contributor to greenhouse gas emissions. According to the International Maritime Organization (IMO), it accounts for around 2-3% of global CO2 emissions. The collaboration between CMB.TECH and Fortescue could pave the way for a more sustainable future for the industry. Decarbonizing the shipping industry could help reduce global CO2 emissions and contribute to the fight against climate change.
Conclusion
The collaboration between CMB.TECH and Fortescue to charter an ammonia-powered vessel is a significant step towards decarbonizing the shipping industry. This new vessel is expected to reduce greenhouse gas emissions by up to 20% compared to conventional vessels. The ripple effect of this collaboration is expected to lead to more companies investing in similar technologies, contributing to a more sustainable future for the industry and the world.
- CMB.TECH and Fortescue have signed an agreement to charter a new ammonia-powered vessel.
- The 210,000-dwt Newcastlemax vessel will feature a dual fuel engine capable of running on both ammonia and traditional fossil fuels.
- This collaboration is a testament to both companies’ commitment to reducing carbon emissions in the shipping industry.
- The ammonia-powered vessel is expected to be delivered by the end of 2026.
- This collaboration is expected to have a ripple effect on the industry, leading to more companies investing in similar technologies.
- Decarbonizing the shipping industry could lead to a reduction in consumers’ carbon footprint and a shift in consumer preferences towards sustainable companies.
- The increased use of ammonia as a fuel source could lead to a decrease in its price and make it more accessible to a wider range of consumers and industries.
- Decarbonizing the shipping industry could help reduce global CO2 emissions and contribute to the fight against climate change.
