CMB.TECH and MOL sign landmark agreement for nine ammonia-powered vessels
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CMB.TECH has signed a landmark agreement with Mitsui O.S.K. Lines (MOL) to develop nine ammonia-powered vessels, including three Newcastlemax bulk carriers and six chemical tankers. The vessels will be delivered between 2026 and 2029, increasing CMB.TECH's contract backlog by $921 million to $2.94 billion. This partnership aims to support maritime decarbonization and reduce emissions in the shipping industry.
March 24, 2025 | 9:45 am
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The agreement for nine ammonia-powered vessels represents a significant strategic milestone, expanding the company's green maritime portfolio and increasing its contract backlog.
The contract significantly boosts CMB.TECH's financial outlook, demonstrates technological leadership in green shipping, and expands its long-term revenue streams through vessel charters.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100