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 adds $921 million to CMB.TECH's contract backlog, demonstrating strong growth in green maritime technology and long-term charter contracts.
The contract significantly increases CMB.TECH's backlog, showcases technological innovation in green shipping, and secures long-term revenue streams through 12-year and 10-7 year charters with a reputable partner.
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