Maersk has declared options with South Korean shipbuilder Hyundai Heavy Industries (HHI) for an additional four 16,000 TEU methanol-powered containerships. The post Maersk declares option for 4 more…
https://www.offshore-energy.biz/maersk-declares-option-for-4-more-methanol-powered-boxships/
Danish container shipping and logistics giant A.P. Moller – Maersk has placed its inaugural €500 million ($567 million) green bond to fund the construction of its first feeder vessel and the series…
https://www.offshore-energy.biz/maersk-issues-1st-green-bond-to-fund-methanol-powered-newbuilds/
Mitsui O.S.K. Lines, Ltd. (MOL) announced that on November 4, the methanol carrier “Capilano Sun”, which can run on either heavy oil or low-environmental impact methanol fuel, was delivered at Hyundai Mipo Dockyard. The vessel will be chartered from Hisafuku Kisen K.K., and Waterfront Shipping Company Limited (WFS) will charter the vessel from MOL under a long-term contract.
MOL is one of the largest operators for methanol carriers, operating 18 vessels (including “Capilano Sun”), and in 2016,...
The global shipping industry is responsible for ~2.9% of global greenhouse gas emissions, which equals almost 1 billion metric tons of CO2 each year. Unchecked, emissions could increase by as much as 130% from 2008 levels by 2050.
Transitioning to low-carbon fuels will be essential to secure the long-term future of the industry and meet International Maritime Organisation (IMO) emissions reduction targets for 2030 and 2050, but still-developing technologies and the long lifetime of existing...
Hyundai’s Ship-Building Division, HHI-SBD, has ordered 8 × MAN B&W 8G95ME-LGIM (-Liquid Gas Injection Methanol) engines in connection with the building of 8 × 16,000-teu container ships for A.P. Møller – Maersk, the global integrator of container logistics.
Hyundai Engine & Machinery Division, HHI-EMD, will build the engines. The order contains an option for a further four engines with the first of the confirmed vessels due to enter service in Q1, 2024.
Bjarne Foldager, Senior Vice President and...
South Korean shipbuilding giant Korea Shipbuilding & Offshore Engineering (KSOE) has revealed the order price for a total of eight methanol-powered containerships to be built for Danish container…
https://www.offshore-energy.biz/ksoe-reveals-price-of-maersks-methanol-eight-ship-order/
Methanex Corporation (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) have concluded Key Commercial Terms for the purchase and sale of an equity position in, and the establishment of a strategic partnership involving Methanex’s Waterfront Shipping (WFS) subsidiary. With a fleet of approximately 800 vessels, MOL is one of the world’s largest shipping companies. WFS is a global marine transportation company and operates the world’s largest methanol ocean tanker fleet.
MOL will acquire a...
Proman has finalised an agreement to build two additional 49,900 dwt methanol dual-fuel MR tankers, bringing its total investment in methanol-powered vessels to six newbuildings.
Proman will be the sole owner of the Provident and Progressive, alongside the Promise which is due to be delivered in Q3 2022. These vessels join Proman’s expanding fleet, including its three jointly owned methanol dual-fuel tankers with JV partners Stena Bulk.
The new vessels will also be built at Guangzhou Shipyard...
In 2015 Stena Line made history by converting one of the largest RoPax ferries in the world, the 240-metre Stena Germanica, to become the world’s first methanol powered ferry. Now the Swedish ferry company has achieved another world first, by powering Stena Germanica with methanol recycled from residual steel gases.
This week Stena Line took the next step on their sustainable journey towards achieving zero carbon when the Stena Germanica travelled from Sweden to Germany powered by recycled...
June 23, 2021, Port of Antwerp will convert a tugboat to methanol propulsion, a world first. This ‘methatug’ is part of the European Fastwater project, which aims to demonstrate the feasibility of methanol as a sustainable fuel for shipping. The European Commission has given its approval this week. With this world first, the port of Antwerp is taking another important step in the transition to a sustainable and CO2-neutral port.
Regulation adjustment
Because inland vessels must comply with the...