MOL and CMB.Tech to deploy nine ammonia-powered vessels by 2029

By Charlie Currie on Mar 24, 2025

Japanese shipping firm Mitsui O.S.K. Lines (MOL) and the Netherlands’ CMB.Tech have inked an agreement to deploy nine ammonia-powered vessels between 2026 and 2029.

The Newcastlemax bulk carriers and chemical tankers will be a mix of ammonia-fitted and ammonia-ready systems, allowing the hydrogen compound to fuel operations.

Three ammonia-fitted 210,000 dwt bulk carriers on order at Qingdao Beihai Shipyard will be jointly owned by CMB.Tech and MOL – with the Japanese shipper chartering them for 12 years.

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MOL and CMB.Tech to deploy nine ammonia-powered vessels by 2029

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MOL and CMB.Tech to deploy nine ammonia-powered vessels by 2029

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