Australia’s Fortescue Metals Group (FMG) has bought a platform supply vessel (PSV) for conversion to run on green ammonia.

Domestic shipowner MMA Offshore said its 3,100-dwt MMA Leveque (built 2010) had gone for $7.75m.

VesselsValue assesses the ship as worth only $3.5m.

The ship is being acquired by Fortescue Future Industries (FFI), which will transform the vessel into a dual-fuel unit with the objective of running it almost completely on green ammonia.

The vessel will join FFI’s fleet of prototype trucks, locomotives, drill rigs and other mobile equipment currently being tested to operate on future fuels.