ASX:FMGMetals and Mining
Fortescue (ASX:FMG) Shares Could Be 18.8% Undervalued After The CMB.TECH Shipping Deal
Why the CMB.TECH shipping deal matters for Fortescue stock
Fortescue (ASX:FMG) has drawn investor attention after agreeing with CMB.TECH NV to charter up to 12 ammonia-capable Newcastlemax vessels, aimed at lowering shipping emissions and supporting ammonia fuel adoption.
See our latest analysis for Fortescue.
Despite the CMB.TECH agreement highlighting Fortescue’s push into lower carbon shipping, recent momentum has softened, with the share price down 10.37% over the past month and 12.96%...