China's COSCO Shipping and Fortescue sign preliminary agreement for green fuel supply chain, exploring green ammonia-fueled vessels for China-Australia iron ore shipping.

China's COSCO Shipping and Australia's Fortescue signed a preliminary agreement to build a green fuel supply chain to reduce pollution from the shipping industry. They plan to explore constructing and deploying green ammonia-fueled vessels, owned by COSCO or jointly, to transport iron ore and other minerals, reducing carbon emissions in the China-Australia iron ore green shipping corridor.