{"id":6613,"date":"2025-03-25T19:03:26","date_gmt":"2025-03-25T19:03:26","guid":{"rendered":"https:\/\/krogragg.com\/?p=6613"},"modified":"2025-03-25T19:03:26","modified_gmt":"2025-03-25T19:03:26","slug":"mol-to-deploy-worlds-1st-ammonia-fueled-capesize-bulkers-chemical-tankers","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=6613","title":{"rendered":"MOL To Deploy World\u2019s 1st Ammonia-Fueled Capesize Bulkers & Chemical Tankers"},"content":{"rendered":"\n
MOL To Deploy World\u2019s 1st Ammonia-Fueled Capesize Bulkers & Chemical Tankers<\/div>\n

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Image Credits: MOL\/Facebook<\/figcaption><\/figure>\n

MOL and Belgium based CMB Tech have announced a partnership to deploy the world\u2019s first ammonia dual fuel Capesize bulk carriers and chemical tankers.<\/p>\n

A total of nine vessels, including ammonia-ready ships, will be jointly owned and operated by MOL and its wholly owned subsidiary MOL Chemical Tankers (MOLCT).<\/p>\n

The fleet includes three ammonia powered dual-fuel bulk carriers, which are currently under construction at CSSC Qingdao Beihai Shipbuilding in China.<\/p>\n

These bulkers, each with a capacity of 210,000 deadweight tons (dwt), are part of a previous order placed by CMB Tech\u2019s shipping division, Bocimar. They are expected to be delivered in 2026 and 2027.<\/p>\n

MOL Chemical Tankers will charter two ammonia powered dual-fuel chemical tankers and four ammonia-ready chemical carriers. These six vessels are being built at China Merchants Jinling Shipyard, with delivery scheduled for 2028 and 2029.<\/p>\n

While the ammonia-ready tankers will initially run on conventional fuels, they are designed to be converted to ammonia propulsion in the future.<\/p>\n

MOL has secured long-term charter agreements for these vessels. The bulk carriers will be chartered for 12 years, while the chemical tankers will be under contracts of 10 and seven years, respectively.<\/p>\n

The bulkers will be managed under a joint venture between MOL and CMB Tech.<\/p>\n

MOL has integrated this project into its MOL Group Environmental Vision 2.2. The company aims to achieve net zero greenhouse gas emissions by 2050.<\/p>\n

The agreement has increased CMB Tech\u2019s contract backlog, adding $921 million and bringing its total backlog to $2.94 billion.<\/p>\n

Investment bank Fearnley Securities indicated that the Newcastlemax bulk carrier order could enhance earnings and optimise capital expenditures for 2026 and 2027.<\/p>\n

The financial institution also stated that the move is strategically timed, ensuring that major capital commitments would come after the maturity of CMB Tech\u2019s existing $200 million unsecured bond.<\/p>\n

MOL operates the world\u2019s largest fleet of stainless steel chemical tankers, with over 110 vessels transporting chemicals, animal fats, vegetable oils, and lubricants.<\/p>\n

On the other hand, CMB Tech manages a fleet of more than 150 vessels including crude oil tankers, bulk carriers, container ships, and offshore wind vessels.<\/p>\n

The company has been actively investing in hydrogen and ammonia fuel technology, supplying these alternative fuels through its own infrastructure and third-party producers.<\/p>\n

Reference: MOL<\/em><\/p>\n<\/div>\n

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MOL To Deploy World\u2019s 1st Ammonia-Fueled Capesize Bulkers & Chemical Tankers Image Credits: MOL\/Facebook MOL and Belgium based CMB Tech have announced a partnership to deploy the world\u2019s first ammonia dual fuel Capesize bulk carriers and chemical tankers. A total of nine vessels, including ammonia-ready ships, will be jointly owned and operated by MOL and […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194,196],"tags":[197],"class_list":["post-6613","post","type-post","status-publish","format-standard","hentry","category-marine-insight","category-shipping-news","tag-marine-insight"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/6613"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6613"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/6613\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}