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Mumbai seminar: Participants indicate confidence in methanol as a bunker fuel

With technological and regulatory challenges associated with methanol as a bunker fuel largely resolved, it’s time for the industry to embrace methanol, says organiser.

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With the technological and regulatory challenges associated with burning methanol as a bunker fuel largely resolved, it’s time for the industry to move forward and get ready to go green with methanol.

That was the view widely expressed at Rise of Methanol As A Future Proof Marine Fuel seminar held in Mumbai and online on Friday (29 April), says Sea Commerce America Inc, one of the seminar organisers.

It was back in August 2021 that methanol secured its position as a future marine fuel when A.P. Moller – Maersk announced an order for 12 large ocean-going container ships to operate on carbon-neutral methanol. 

This landmark order has raised the profile of this promising fuel. However, each shipowner faces unique challenges, and it is not enough to just follow Maersk’s lead and expect success. 

In the seminar the panel of experts spoke in detail on installation options, fuel cost and availability, bunkering infrastructure, and e-fuel production potential.

Today, methanol made from natural gas, offers a lifecycle GHG reduction of 5-15% compared to diesel as well as immediate reductions in SOx, NOx, and particulate matter. Methanol offers a 2% lower fuel consumption per kWh than diesel fuel, and engine corrosion and fuel slip are not an issue due to the high combustion rate achieved by the engine designers. 

In case of a spill, methanol is miscible in water, with near zero risk of damage to the environment and near zero potential harm to the wildlife. 

IMO regulations on handling methanol are well developed within the IGF Code and the Methyl/Ethyl Interim guidelines. Still to come could be rules for methanol bunkering and standards for fuel quality. 

Class oversight is well established. ABS, a pioneer in this, will class the Maersk vessels, and its safety evaluation will include design considerations such as the need for cofferdams between fuel tanks and fire risk areas, double-barriers and sealing systems, ventilation and gas detection, explosion mitigation, and redundancy.

The Maersk newbuilds will require larger bore engines than current dual-fuel methanol LGIM installations, and MAN expects a further increase in engine size to be available soon. This will open up the market for other large, ocean-going vessels, and MAN is already seeing a lot of interest in retrofits.

Berit Hinnemann from Maersk talked about the partnership Maersk has entered into with the producers of Green Methanol to supply their methanol-powered fleet. Maersk will require 10,000 tonnes in the year 2023 and 500,000 tonnes by mid-2025. 

Berit also mentioned that Maersk sees “methanol in combination with biodiesel for the pilot vessel as the only certain and scalable pathway towards significant impact this decade.”

These 16,000 TEU DF Maersk vessels are to be classed with ABS and will provide “20 percent improved energy efficiency per transported container”.

Mr. Vikrant Rai, took over the stage and presented the regulatory views on the subject. He also stressed upon the importance of port energy enhancements and ship energy enhancements.

The event was designed to address the needs of shipowners and operators, and moderated by Richard Clayton, Chief Correspondent at Lloyds List. Speakers, including the host and organiser Capt. Saleem Alavi, delved into the technical, commercial, and regulatory details. 

Top industry experts spoke on the occasion including Berit Hinnemann, Head of De-Carbonization Business Development at Maersk; Ayca Yalcin, Director Market Development EMEA at Methanex; Chris Chatterton, Chief Operating Officer at the Methanol Institute; Fredrik Stubner, Chief Executive Officer, Green Marine Engineering; Kjeld Aabo, Director New Technology at MAN Energy Solutions; Rene Laursen, Manager of Global Gas Solutions at ABS; Vijay Arora, Managing Director Indian Register of Shipping; Vikrant Rai, Engineer & Ship Surveyor cum-Deputy DG(Tech), Mumbai.

Most of the nearly 400 event participants indicated that they had more confidence in methanol’s viability as a bunker fuel after hearing from the expert presenters. 

The event organisers were Sea Commerce America Inc. and Institute of Marine Engineers of India’s Mumbai Branch and sponsored by Methanex, Canada and Methanol Institute, Singapore. 

 

Photo credit: Sea Commerce America Inc.
Published: 20 May, 2022

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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