cosco-fortescue

Cosco and Fortescue sign green shipping deal

China’s Cosco shipping has signed a memorandum of cooperation with technology firm Fortescue to develop a sustainable green fuel supply chain. The two companies will collaborate on developing technologies to lower emissions and build a green fuel supply chain, including developing vessels powered by green ammonia to ship iron ore and other mineral products on the China-Australia Iron Ore Green Shipping Corridor. [+]