BHP signs charters with COSCO for two ammonia dual-fuelled bulkers

Mining giant BHP has struck charter deals with COSCO Shipping Bulk Co., Ltd., a subsidiary of COSCO shipping Group for two ammonia dual-fuelled newcastlemax bulk carriers.

The five-year time charter agreements will see the two 210,000 dwt vessels primarily transport iron ore from Western Australia to Northeast Asia.

The newcastlemaxes, expected to be delivered from 2028, will use ammonia as a marine fuel.

BHP said that when operated on lower or low-to-zero greenhouse gas emissions ammonia, the vessels could reduce emissions by at least 50% and up to 95% per voyage compared with conventional