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Dry Bulk Sustainability Shipbuilding

HMM lands $3.5bn Vale contract to deploy tri-fuel newcastlemaxes

  • HMM signs 25-year iron ore shipping contract with Vale, its third big deal with the Brazilian miner
  • Eight 210,000 dwt tri-fuel newcastlemaxes capable of running on methanol, ethanol and bunker fuel will service the contract from 2030
  • Deal is part of Vale’s broader push to secure up to 30 green newbuildings under long-term charters as it decarbonises its supply chain

  • News

HMM and Shandong Shipping are among key partners in Vale’s greener fleet ambitions, with alcohol-based fuels gaining traction in the ore carrier sector

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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