Core Points - CMB.TECH has signed a landmark agreement with Mitsui O.S.K. Lines and MOL CHEMICAL TANKERS for nine ammonia-powered vessels, marking a significant step towards decarbonizing the maritime industry [1][4] - The agreement includes three ammonia-fitted Newcastlemax bulk carriers and six chemical tankers, with deliveries expected between 2026 and 2029 [2][3] - This partnership increases CMB.TECH's contract backlog by 921 million USD, bringing the total backlog to 2.94 billion USD, reflecting the company's strategy of fleet rejuvenation and diversification [4] Company Overview - CMB.TECH operates over 150 seagoing vessels, including crude oil tankers, dry bulk vessels, and chemical tankers, and is involved in hydrogen and ammonia fuel production [5] - The company is headquartered in Antwerp, Belgium, and has a global presence with offices in Europe, Asia, the United States, and Africa [5] - CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [6] Industry Context - Mitsui O.S.K. Lines is a leading shipping company with the world's second-largest fleet and the largest chemical tanker fleet, emphasizing its commitment to becoming a global social infrastructure company [6] - MOL CHEMICAL TANKERS operates the largest stainless steel tank chemical fleet, focusing on transporting a variety of liquid chemicals [7]
CMB.TECH and MOL sign landmark agreement for nine ammonia-powered vessels