MOL Chemical Tankers concludes time charter contract for ammonia dual-fuel vessels with CMB.TECH

MOL Chemical Tankers Pte. Ltd. (MOLCT) announced that the company has concluded time charter contracts with CMB.TECH NV, for six newbuilding chemical tankers of 26,000 DWT, including four ammonia dual-fuel–ready vessels and two dual-fuel–fitted vessels. These vessels will be built by China Merchants Jinling Shipyard (Yangzhou) Dingheng Co., Ltd. and are scheduled for delivery between 2028 and 2029. 

These vessels will be the world’s first ammonia-fueled chemical tankers, contributing to the achievement of net zero emissions by 2050, in line with the MOL Group Environmental Vision 2.2.

The dual-fuel–fitted vessels will be equipped with ammonia dual-fuel engines upon delivery, while the dual-fuel–ready vessels will be designed for future retrofitting to ammonia dual-fuel operation, enabling flexibility in adopting sustainable fuel solutions.

As a leading operator in the chemical tanker industry, MOLCT has taken proactive steps as a first mover in the development of alternative fuels. Following the addition of MGO mono-fuel vessels, along with newly added LNG dual-fuel vessels through the acquisition of Fairfield Chemical Carriers, the company is accelerating efforts to reduce GHG emissions by adopting the latest vessel designs and ammonia fuel. 

Ammonia is gaining attention as a next-generation fuel that does not produce CO₂ emissions during combustion, offering a promising pathway to decarbonization. MOLCT will collaborate with CMB.TECH, a member of the CMB Group, which holds pioneering position in the maritime industry for the introduction of ammonia dual-fuel vessels, to further advance its environmental initiatives.　 

With growing environmental awareness, MOLCT continues to implement concrete measures toward sustainable marine transportation while delivering high value–added services to all stakeholders aligned with these emerging needs.

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