Environment and Energy
MOL and Vale Sign 25-Year Contract for World's First Tri-Fuel Ore Carriers
MOL Ocean Bulk signed a 25-year iron ore transport contract with Vale International S.A., marking the world's first tri-fuel ore carrier project. Two 210,000-metric-ton vessels equipped with tri-fuel propulsion systems (ethanol, methanol, heavy fuel oil) are scheduled for delivery in 2030. The vessels will transport iron ore from Brazil to destinations worldwide, primarily China, supporting Vale's decarbonization strategy and MOL's net-zero GHG emissions target by 2050.
