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
-
Trump Just Spared $5B in Hydrogen. Why?
Inside This Issue 𧪠Trump List Of Saved Projects Spares $5 Billion Hydrogen Hubs âď¸ eFuels SEA Brings Infinium eSAF Technology To Southeast Asia đ° XCF Global, Inc. Announces Receipt Of $10 Million...
-
ONE Company Bought 90% of All Carbon Removal. It Just Stopped.
Inside This Issue â¸ď¸ Microsoft's Carbon Removal Pause Puts A One-Buyer Market To The Test 𧹠Verde Developing Environmental Product Declaration (EPD) For Its Engineered Biochar In Road Materials đ˛ ...
-
This Wheat Plant Now Buries 150,000 Tons of CO2
Inside This Issue đ˝ Kansas Ethanol Plant Gets EPA Green Light for CCS đ Hydrexia Inks Hydrogen Commercial Contract in Vietnam â¸ď¸ Microsoft Staff Tell Some Carbon Capture Companies Itâs Pausing Dea...
Company Announcements
-
ExxonMobil Plans Major Carbon Storage Project In Southeast Texas
ExxonMobil plans a carbon capture project in Southeast Texas, pending state approval, aiming to store CO2 underground across 25,000 acres safely. JEFFERSON COUNTY, Texas â ExxonMobil is planning a...
-
Vancouver, BC, Canada, April 17, 2026 (GLOBE NEWSWIRE) -- Global Power Solutions Corp. (TSX Venture Exchange: PWER; Frankfurt Stock Exchanges: NJA) (âGlobal Powerâ or the âCompanyâ) is pleased to a...
-
HOUSTON, TX / ACCESS Newswire / April 17, 2026 / XCF Global, Inc. (Nasdaq:SAFX) ("XCF"), an emerging player in decarbonizing the aviation industry through sustainable aviation fuel ("SAF"), togethe...
-
KAOHSIUNG, April 16, 2026 /PRNewswire/ -- As global industries accelerate toward the dual goals of AI transformation and net-zero carbon emissions, the Metal Industries Research and Development Cen...