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China: Methanol industry players ink agreement to form green methanol energy corridor

National Inner Mongolia Electric Power Mengxi New Energy, Shanghai Yuanba Energy Technology, Tianjin Bohai Chemical Group and COSCO Shipping Energy Transportation will work together to form the corridor.

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Energy firm National Inner Mongolia Electric Power Mengxi New Energy Co Ltd, Shanghai Yuanba Energy Technology Co Ltd, Tianjin Bohai Chemical Group Co Ltd, and COSCO Shipping Energy Transportation Co Ltd on Tuesday (6 February) jointly signed an cooperation framework agreement in Shanghai to establish a “green product (energy) corridor project” for the entire green methanol industry chain.

Manifold Times has previously reported Cosco Shipping Energy Transportation entered a shipbuilding contract for six methanol-fuelled tankers with Cosco Shipping Heavy Industry while Cosco Shipping reportedly signed a Memorandum of Understanding (MoU) to explore collaboration in methanol bunker fuel amongst other new areas. 

On 15 December 2023, Shanghai Yuanba Energy Technology signed an agreement with Greece’s Marine Plus S.A. for purchasing Yuanba Energy’s green methanol for the EU shipping market, starting in August 2025. 

According to local news reports, Tianjin Bohai Chemical Group and National Inner Mongolia Electric Power Mengxi New Energy are involved in methanol-related projects including the production of hydrogen. 

As part of the agreement, the four parties signed the contract to build a green energy corridor for the entire green methanol industry chain. 

The firms said the signing of this agreement marked a new milestone in establishing and improving the entire green methanol industry chain.

Pooling together their respective resources and industry knowledge, the parties will work together to carry out comprehensive and in-depth cooperation in green energy products including power generation, hydrogen production, synthetic methanol, land transportation, warehousing, shipping and bunkering. 

Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.

Related: China: Cosco Shipping and bp to explore collaboration in methanol bunker fuel
Related: Cosco Shipping Energy Transportation orders six methanol-fuelled tanker newbuilds

 

Photo credit: Scott Graham on Unsplash
Published: 19 February, 2024

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Alternative Fuels

Singapore-based ONE names sixth ammonia/methanol-ready vessel in Japan

Following the successful integration of “ONE Sparkle” – ONE’s first owned newbuilding – and subsequent sister vessels, “ONE Singapore” will strengthen the company’s service offerings on trade lanes.

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Singapore: ONE names sixth ammonia/methanol-ready vessel in Japan

Singapore-headquartered Ocean Network Express (ONE) on Tuesday (17 June) announced the naming of ONE Singapore, the sixth vessel in a series of 20 ammonia/methanol ready container vessels. 

The naming ceremony took place at the Hiroshima Shipyard of Imabari Shipbuilding in Japan, marking another milestone in ONE’s fleet expansion program.

The 13,900 TEU vessel, which is methanol and ammonia-ready, is another demonstration of ONE’s commitment to sustainable shipping practices. 

Following the successful integration of ONE Sparkle – ONE’s first owned newbuilding – and subsequent sister vessels, ONE Singapore will strengthen the company’s service offerings on the trade lanes where it will be deployed.

Jeremy Nixon, CEO, said: “Today’s naming of ONE Singapore signifies further progress in our fleet expansion strategy. This vessel, carrying the name of our global headquarters city, symbolises our strong connection to Singapore’s vibrant maritime ecosystem.”

“As we deploy this vessel into service, we continue to build upon ONE’s strong commitment to Singapore, in its prime position as the leading global international maritime centre.”

ONE Singapore represents the continued execution of ONE’s strategy to build a more sustainable and efficient fleet. The vessel is classed LR and Singapore flagged. 

 

Photo credit: Imabari Shipbuilding
Published: 18 June, 2025

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Newbuilding

NYK Group’s first methanol-fuelled bulk carrier “Green Future” delivered

Vessel is the first bulk carrier in the NYK Group to be equipped with a dual-fuel engine that uses methanol and fuel oil.

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Green Future MT

NYK Group on 13 May received delivery of Green Future, the company’s first methanol dual-fuel bulk carrier, at the TSUNEISHI Factory of TSUNEISHI SHIPBUILDING Co., Ltd. where a naming and delivery ceremony was also held, it said on Thursday (14 June).

The vessel will be chartered by NYK Bulk & Projects Carriers Ltd., an NYK Group company, from KAMBARA KISEN Co., Ltd.

It is the first bulk carrier in the NYK Group to be equipped with a dual-fuel engine that uses methanol and fuel oil.

“Methanol has a lower environmental impact than fuel oil, and by using bio-methanol and e-methanol produced using hydrogen derived from renewable energy sources and recovered carbon dioxide, the vessel achieves significant reductions in greenhouse gas emissions,” it said.

Vessel Particulars
LOA: 199.99 m
Breadth: 32.25 m
Depth: 19.15 m
Deadweight: approx. 65,700 metric tons
Capacity: approx. 81,500 m3
Draft: 13.8 m

Related: Tsuneishi delivers world’s first methanol dual-fuel Ultramax bulker to NYK
Related: Japan: NYK to time-charter its first methanol-fuelled bulk carrier

 

Photo credit: NYK Group
Published: 17 June 2025

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Research

Mærsk Mc-Kinney Møller Center shares concept design of 3,500 TEU ammonia-fuelled containership

Concept design was optimised to achieve the required safety level while also limiting reductions in cargo capacity.

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Maersk concept ammonia vessel

Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping on Thursday (12 June) unveiled a report focusing on the concept design of a 3,500 Twenty-foot Equivalent Unit (TEU) ammonia-fuelled container vessel.

The study presents a detailed concept design of a 3,500 TEU container feeder, developed with a focus on ammonia system design principles.

The concept design was optimised to achieve the required safety level while also limiting reductions in cargo capacity. As a result, this design concept marks an advancement in technically qualifying ammonia as a viable maritime fuel.

“Although the concept design is an important first step in qualifying a fuel pathway, the final design and operational details must ultimately deliver a safe vessel,” it stated.

“We addressed this aspect early in our design process with reference to the technical safety barriers listed above. We confirmed the concept design’s ability to achieve an acceptable safety level through a HAZID, hazard and operability study (HAZOP), and QRA.

“These processes have resulted in two Approvals in Principle of the concept design awarded by ABS and Lloyd’s Register (LR).”

Note: The full report concept design of a 3,500 TEU ammonia-fuelled container vessel may be downloaded here.

 

Photo credit: Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping
Published: 17 June 2025

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