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
-
North America’s Next Carbon Capture Frontier Might Surprise You
Inside This Issue 🌊 The Quiet Rise of Offshore CO2 Storage: North America's Emerging Frontier for Carbon Capture 🍁 Canada Invests in Carbon Capture and Storage in Alberta 🛰️ Vortex Energy Finalize...
-
Who’s Rising While Washington Retreats? (BECCS, DAC, H2)
Inside This Issue ⚖️ CDR at a Crossroads: Is Private Sector Innovation Enough to Offset Washington's Wobble? 🌱 Exomad Green’s Biochar Field Study Reveals Significant Crop Yield Improvements In Bol...
-
$1B In - What’s Climeworks Building Next?
Inside This Issue 🚀 Climeworks Raises USD 162M to Scale Up Technology 🛠️ DNV Advances Skylark to Enable Safe Scaling of CO2 Pipelines for Carbon Capture and Storage 🍁 Canada’s Rising Role in the G...
Company Announcements
-
BEIJING, CHINA AND MADRID, SPAIN / ACCESS Newswire / July 7, 2025 / Hygreen Energy, a global electrolyzer manufacturer and hydrogen technology leader, has entered a frame agreement with Robert Bosc...
-
DANBURY, Conn., July 07, 2025 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) President and CEO Jason Few has issued a statement praising the “One Big Beautiful Bill Act” (OBBBA) for its d...
-
Vortex Energy Finalizes Sampling Plan for Ant Survey at Robinsons River Salt Project
VANCOUVER, British Columbia, July 07, 2025 (GLOBE NEWSWIRE) -- Vortex Energy Corp (CSE: VRTX) (OTC: VTECF) (FSE: AA3) (“Vortex" or the "Company") is pleased to announce the finalized sampling plan ...
-
Key takeaways S&P Global Commodity Insights, EcoRegistry and the International Carbon Registry (carbonregistry.com) are key players in the voluntary carbon market (VCM) and the first counterp...