{
  "id": 12125972,
  "title": "Vale doubles ethanol-capable ship charters",
  "url": "https://urgent.news/2026/10/05/vale-doubles-ethanol-capable-ship-charters",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T10:00:55.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/vale-doubles-ethanol-capable-ship-charters/"
  },
  "original_language": "en",
  "account": "Brazilian mining giant Vale has entered into a 25-year agreement with Japanese shipping firm MOL Ocean Bulk to charter two ethanol-capable vessels. These ships will be able to run on ethanol, methanol, and conventional fuels, with the potential for future conversion to LNG or ammonia. The vessels are set to be delivered in 2030 and will primarily be used for transporting iron ore from Brazil to China and other markets. Vale also recently signed a similar agreement with China’s Shandong Shipping for two ethanol-capable ships. Engine manufacturers are developing engines capable of running on both ethanol and methanol alongside conventional fuels. Several shipping companies, including AP Moller-Maersk, X-Press Feeders, and CMA CGM, are also exploring ethanol as an alternative fuel.",
  "summary": "Brazilian miner Vale will charter two ethanol-capable vessels from MOL Ocean Bulk, a subsidiary of Japanese shipping firm Mitsui O.S.K. Lines, under a 25-year agreement. The two 210,000-DWT ore carriers will be capable of running on ethanol, methanol and conventional fuels. The design will also include an option for future conversion to LNG or ammonia, ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}