CMB.TECH Enters Agreement for 9 Ammonia-Powered Ships

MT Newswires Live2025-03-24

CMB.TECH NV (CMBT) said Monday that it has signed an agreement with Mitsui OSK Lines and MOL CHEMICAL TANKERS for nine ammonia-powered Newcastlemax bulk carriers and chemical tankers.

The Newcastlemaxes will be delivered in 2026 and 2027, while the chemical tankers' delivery is expected in 2028 and 2029, the company said.

The three Newcastlemax bulk carriers ordered at Qingdao Beihai Shipyard will be jointly owned by CMB.TECH and Mitsui and chartered to Mitsui for 12 years each.

The six chemical tankers -- two ammonia-fitted and four ammonia-ready -- have been ordered at China Merchants Jinling Shipyard and chartered to MOL for 10 and seven years each, respectively.

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