BHP awards tender for LNG-fuelled bulk iron ore carriers [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
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Source: Reuters
BHP awards tender for LNG-fuelled bulk iron ore carriers MELBOURNE, Sept 4 (Reuters) - BHP Group said on Friday it has awarded a tender to charter five bulk iron ore carriers powered by liquefied natural gas (LNG), aiming to cut greenhouse gas emissions on voyages to biggest customer China by more than 30%. The contract for five LNG-fuelled Newcastlemax bulk carriers to carry ore between Western Australia and China was awarded to Singapore-based Eastern Pacific Shipping, and will run for five years from 2022, the global miner said. The shipping industry has been under pressure to bring down levels of carbon emissions, having this year also introduced new rules on the level of sulphur in marine fuels. The BHP tender offered an incentive to move to LNG from highly polluting bunker fuel. BHP Chief Commercial Officer Vandita Pant said the LNG-fuelled vessels would virtually eliminate sulphur oxide emissions and significantly reduce carbon dioxide and nitrogen oxide emissions. “As one of t
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