MOL and its MOL wholly-owned subsidiary MOL Chemical Tankers Pte. Ltd., along with Belgium-based CMB.TECH NV, have decided to jointly own and charter a total of nine Capesize bulkers and chemical tankers that can run on ammonia, a zero-emission fuel, as shown in the table below. These will be the world's first ammonia dual-fuel Capesize bulkers and chemical tankers.

Ship Type	No. of Vessels	Contracts with CMB. TECH	Contracted Company with CMB. TECH	Scheduled Delivery Year	Shipyard
Ammonia dual fuel Capesize bulker	3	Joint ownership/ time charter	MOL	2026-27	CSSC Qingdao Beihai Shipbuilding Co., Ltd.
Ammonia dual fuel Chemical tanker	2	Time charter	MOLCT	2028-29	China Merchants Jinling Shipyard (Yangzhou) Dingheng Co., Ltd.
Ammonia Ready (Note) Chemical Tanker	4

Amid the trend toward decarbonization, ammonia is drawing worldwide attention as a next-generation clean energy source, and the ocean shipping industry is accelerating its moves to strategically utilize ammonia as a fuel. The MOL Group also intends to adopt ammonia, as shown in the chart below, in its "MOL Group Environmental Vision 2.2" to achieve net-zero GHG emissions by 2050. MOL will continue to pursue these initiatives and contribute to the realization of a decarbonized society.

(Note) Vessels that can be converted to ammonia-fueled vessels in the future.