BHP Inks Charter Contracts With Cosco for Ammonia Dual-fuelled Vessels
Published by Todd Bush on July 2, 2025
SINGAPORE, July 2 (Reuters) - BHP Group has signed contracts with COSCO Shipping for the charter of two ammonia dual-fuelled Newcastlemax bulk carriers, the mining giant said on Wednesday.
The two vessels are expected to be delivered from 2028 and will be charted for five years. They will mainly be used to transport iron ore from Western Australia to Northeast Asia.
These vessels can reduce greenhouse gas emissions by at least 50 per cent and up to 95 per cent on a per-voyage basis compared to a conventionally-fuelled voyage, if they run on lower or low-to-zero GHG emissions ammonia, according to BHP.
>> In Other News: Climeworks Raises USD 162M to Scale Up Technology
The mining giant previously told Reuters that it plans to receive its first ammonia-fuelled bulk carrier from 2026 as part of the company's plans to cut shipping emissions.
Ammonia is among several alternative fuels that shippers are exploring to cut carbon emissions, though adoption will take time to scale up.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
The $450M Offtake Deal Behind Emvolon’s $22M Raise
Inside This Issue 🏗️ Emvolon Raises $22 Million Funding Round to Launch Its Modular, Waste-to-fuel Chemical Plants 🔋 Terraton Turns Kenyan Nut Shells into Carbon Credits ⚡ Ballard Launches HPU Agi...
-
113 CCS Projects: What's Driving the Surge?
Inside This Issue 🏭 Global CCS Hits 113 Projects as Americas Lead Capacity 💰 We're Moving $2M+ to Climate Solutions 💧 China Launches World's First Semi-submersible Offshore Wind-to-hydrogen Platfo...
-
Why Is Wyoming Giving 650,000 Acres to Carbon Storage?
Inside This Issue 🪨 Inside Blm's 650,000-Acre Bet on Wyoming Carbon Storage 🏭 California Advances Carbon Capture and Removal Regulations Under SB 905 ⚡ Why a Japanese Power Giant Is Betting on Den...
Company Announcements
-
Terradot and HASI Close $34 Million Investment for Carbon Removal Projects
SAN FRANCISCO & ANNAPOLIS, Md.--Terradot, a leader in carbon removal, and HA Sustainable Infrastructure Capital, Inc. ("HASI") (NYSE: HASI), a leading investor in sustainable infrastructure ass...
-
Ballard Launches HPU Agile-H: 80kW of Clean Power in a Lightweight, Towable Unit
VANCOUVER, BC and NEWCASTLE, United Kingdom, Oct. 28, 2026 /PRNewswire/ -- Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP), through its recent acquisition, GeoPura, has launched the HPU Agile-H, a...
-
A consortium led by Novacium, together with Axel’One and AD-VENTA, has secured funding from the Defence Innovation Agency (AID) and the Directorate General of Armaments (DGA) under the RAPID progr...
-
Video: The Next Chapter https://youtu.be/LUIHqS35rMg Led by John Douglas, whose development experience includes the $8 billion Champlain Hudson Power Express, the collaboration brings major Nort...