Four more methanol-fuelled carriers for Waterfront Shipping

Four more methanol-fuelled ships for Waterfront Shipping as price of dual-fuel technology drops Four more methanol-fuelled ships for Waterfront Shipping as price of dual-fuel technology drops

Methanex subsidiary Waterfront Shipping Co is to charter four more methanol carriers powered by methanol-burning, dual-fuel ME-LGI engines from MAN Diesel & Turbo.

The four 49,000dwt vessels, to be delivered in 2019, will join the first seven ships ever to feature methanol-burning two-stroke engines, delivered in 2016 and also chartered by Waterfront Shipping. The new ships will be built in Korea at Hyundai Mipo Dockyard, where several of the first generation of methanol-fuelled vessels were built.

“Our seven methanol-fuelled vessels have been operating safely and reliably since 2016, and we expect these new vessels to benefit from ongoing technological advances that will continue to optimise performance and efficiency,” said Paul Hexter, president, Waterfront Shipping. “We are proud to see 40% of our fleet powered by methanol fuel technology in the coming year.”

Two of the vessels will be owned in a joint venture between Waterfront Shipping and Marinvest/Skagerack Invest, one will be owned by NYK Group and the fourth will be owned in a joint venture between IINO Kaiun Kaisha and Mitsui & Co.

Methanol is a promising alternative marine fuel that can help ship owners to meet current and impending IMO regulations on sulphur oxide and nitrogen oxide emissions. The second generation of the engine technology has also become more competitive financially, said René Sejer Laursen, promotion manager, MAN Diesel & Turbo.

“Since the ME-LGI engine entered the market in 2016, its price has dropped considerably, which makes it an even more attractive propulsion option,” Laursen said. “Allied with its environmental credentials and convenience of use when employing methanol as a fuel, we are confident the ME-LGI will continue its promising progress.”

Patrik Mossberg, chairman, Marinvest, added: "Our overall focus in the development of the dual-fuel system concept has been safety and engine reliability. We have found the technology for handling methanol is well developed and offers a safe dual-fuel solution for low-flashpoint liquid fuels."

LATEST PRESS RELEASES

SCHOTTEL strengthens presence in Nordic region

As of November 2018, SCHOTTEL Norway AS and Frydenbø SCHOTTEL Nordic AS have been merged under SCHOT... Read more

StormGeo Launches Navigator Solutions Portfolio

The First Integrated Navigational Planning and Route Optimization Platform Delivered by One Company Read more

Oceans of opportunity

Sofia Fürstenberg Stott has been an architect of Nor-Shipping’s evolution to embrace and enable new ... Read more

Nor-Shipping looks to achieve industry first with ISO sustainable event standard

Nor-Shipping is aiming to set a new benchmark for the maritime and ocean event segment with a move t... Read more

Datum Electronics Ltd and Intertech B.V. Announce New Partnership in the Netherlands

Located in the Netherlands, Intertech B.V. is now Datum Electronics’ representative for torque senso... Read more

Oil quality is the key to increased up-time

Research has shown that 80% of all hydraulic failures can be directly attributed to oil contaminatio... Read more

View all