BHP Group Soars 3.43% on Green Shipping Deal

On July 10, 2025, BHP Group's stock rose by 3.43% in pre-market trading, reflecting a positive market sentiment towards the company's recent developments and strategic initiatives.

BHP Group has recently signed a significant contract with COSCO Shipping Specialized, a subsidiary of China COSCO Shipping Corporation, for the charter of two 210,000-ton ammonia dual-fuel ships. These vessels, scheduled for delivery in 2028, will primarily transport iron ore from Western Australia to Northeast Asia. The ships are designed to reduce carbon emissions by 50% to 95% per voyage compared to traditional fossil fuel-powered vessels, aligning with BHP's commitment to sustainability and reducing its carbon footprint.

This collaboration underscores BHP's focus on green supply chain development and its efforts to achieve a low-carbon transition. The partnership is seen as a model of resource sharing, complementary strengths, and close cooperation, setting a new benchmark for the global dry bulk shipping industry and promoting innovation and leadership in the new energy shipping sector.

Additionally, BHP Group has been recognized as one of the top three mining and metals brands globally by Brand Finance, highlighting its strong brand value and market position. This recognition, along with the company's strategic initiatives in sustainable shipping and green energy, positions BHP Group favorably in the market, contributing to its recent stock price increase.