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 Fertilizer Fix Quietly Rewiring America's Ethanol Chain
Inside This Issue 🌽 The Fertilizer Fix Quietly Rewiring America's Ethanol Chain 🛢️ Texas Has Taken Over Issuing Permits To Store Carbon Underground. Here’s What To Know 🚛 Charbone Confirms A New D...
-
Texas Just Killed The 24-Month CCS Wait
Inside This Issue 🏗️ Texas Primacy Puts Gulf Coast CCS Projects In Fast Lane 🌬️ Sustaera Targets Cheaper Direct Air Capture With New Design 🔋 Hydrexia Wins Hydrogen Contract In The U.S. Market ✈️ ...
-
Google's Illinois Deal Just Gave CCS Its First Real Market
Inside This Issue 💨 Google's Illinois Deal Just Gave CCS Its First Real Market 🚁 Hydrogen-Powered Z1 UAS Enters U.S. Army Acquisition Pipeline ♻️ Waga’s Tech Opens Doors For Small-Scale Landfill R...
Company Announcements
-
Bosch Opens Hydrogen Facility in Metro Detroit
Bosch opened a new hydrogen production facility this week in suburban Detroit, part of a broader push for clean, reliable energy. Why it matters: Detroit wants to remain a global center of mobilit...
-
Nikola Corporation, a global leader in zero-emissions transportation and energy supply and infrastructure solutions, and Fortescue Future Industries (FFI) have executed a memorandum of understandin...
-
VALLOUREC SECURES A CARBON STORAGE CONTRACT WITH BP BERAU LTD. FOR THE FIRST OFFSHORE INJECTION WELLS IN PAPUA, INDONESIA Meudon (France), on March 18, 2026 – Vallourec, a world leader in premium ...
-
BROSSARD, QUEBEC - March 19, 2026 (NEWMEDIAWIRE) - CHARBONE CORPORATION (TSXV: CH; OTCQB: CHHYF; FSE: K47) ("CHARBONE" or the "Company"), a North American producer and distributor specializing in c...