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.