FMG 8.47% $16.20 fortescue ltd

POWER!!!! Fortescue Future Industries, page-4515

  1. 11,222 Posts.
    lightbulb Created with Sketch. 1430
    Haha!

    Have a look at what COSCO Shipping have just announced. They're certainly not wasting any time.

    https://www.seatrade-maritime.com/shipyards/cosco-shipping-development-splurges-2bn-42-newbuilds

    From Fortescue's website re Cosco collaboration...

    "Both companies will collaborate on developing technologies to lower emissions and build a green fuel supply chain. This includes exploring the construction and deployment of COSCO SHIPPING vessels, or co-owned vessels, powered by green ammonia, to ship iron ore and other mineral products with the aim of reducing Australia-China Iron Ore Green Shipping Corridor’s carbon emissions."

    and

    “It also paves the way for collaboration on a variety of decarbonisation solutions which we believe will be integral to delivering on our ambitious target of net zero Scope 3 emissions by 2040.”

    https://fortescue.com/news-and-media/news/2024/07/30/fortescue-collaborates-with-cosco-shipping-to-decarbonise-shipping

    Tony
 
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