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Cosco Shipping Bulk orders eight methanol-ready bulk carriers

Firm signed a contract with Xiamen Financial Leasing and Nantong Xiangyu Shipbuilding & Offshore Engineering for the construction of eight 64,000DWT bulk carriers.

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Cosco Shipping Bulk on Tuesday (12 March) signed a contract with Xiamen Financial Leasing and Nantong Xiangyu Shipbuilding & Offshore Engineering Co Ltd for the construction of eight methanol ready bulk carriers. 

The eight 64,000DWT methanol ready ships will adopt new ship technologies and will run on methanol bunker fuel.

Compared to similar ships in China and in the international market, the ships will have a larger load capacity, lower fuel consumption, and achieve more fuel efficiency.

“Cosco Shipping Bulk ranks first in the world in terms of its own dry bulk cargo capacity,” Lin Junjie, Vice President of Xiamen Xiangyu Group and Chairman of Nantong Xiangyu Shipbuilding & Offshore Engineering Co Ltd said at the signing ceremony. 

“We believe that with its shipping experience and strong operational capabilities, these eight methanol ready ships will surely win over more customers and create greater value with their high-quality service and excellent performance.” 

“We hope to take this signing as a starting point to start a new voyage with Xiamen Financial Leasing and Cosco Shipping Bulk, and sail towards a broader prospect in the vast ocean of the shipping market.”

Manifold Times previously reported China COSCO Shipping Co., Ltd. (COSCO Shipping) and Shanghai Electric Group Co., Ltd. (Shanghai Electric) signing a strategic cooperation agreement in Shanghai to cooperate on developing green methanol.

Cosco Shipping Energy Transportation entered a shipbuilding contract for six methanol-fuelled tankers with Cosco Shipping Heavy Industry.

In December 2023, Cosco Shipping signed a Memorandum of Understanding (MoU) with bp to expand their scope of strategic cooperation into new areas including lubricant supply, methanol bunker fuel supply for bunkering and offshore wind supply chain.

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

 

Photo credit: David Yu from Pixabay
Published: 21 March 2024

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LNG Bunkering

Titan completes LNG bunkering operation in Port of Zeebrugge

Titan supplied newly built PCTC “Peony Leader” using bunkering vessel “Optimus”, marking the PCTC’s maiden LNG bunkering operation.

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Titan completes LNG bunkering operation in Port of Zeebrugge

LNG bunker fuel supplier Titan on Wednesday (6 November) said it has completed a LNG bunkering operation in the Port of Zeebrugge. 

Titan supplied the newly built Peony Leader Pure Car and Truck Carrier (PCTC) using Optimus – one of its LNG bunkering vessels (LBV).

“This was the maiden voyage for the Peony Leader, as well as the first time it bunkered LNG while in service. The Optimus’ crew closely supported throughout the process, providing guidance and information to the seafarers onboard the vehicle carrier,” it said in a social media post. 

“Our commercial team also visited CSP Zeebrugge to meet the new client, Chimbusco. With a greatly increasing number of PCTC newbuilds being LNG dual-fuelled, we look forward to many more successful LNG bunkering operations with Chimbusco and other shipowners in this segment.”

 

Photo credit: Titan
Published: 7 November, 2024

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Methanol

Methanol Institute: Advancements in methanol bunkering and alternative fuel infrastructure (Week 44, 28 Oct to 3 Nov 2024)

This week, the maritime industry saw advancements in methanol as a marine fuel including upcoming newbuild methanol-fuelled vessels and South Korea’s methanol bunkering milestone.

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The Methanol Institute, provides an exclusive weekly commentary on developments related to the adoption of methanol as a bunker fuel, including significant related events recorded during the week, for the readers of bunkering publication Manifold Times:

One of the key enablers identified by the Methanol Institute as key to the wider uptake of green fuels is bunkering infrastructure to reflect the growing orders for new ships designed to use methanol now and in the future. The further growth in methanol-fuelled orders reported below is exceeded only by the growth in green fuel production and marine bunkering activity in players who wish to realise the opportunity to serve a new generation of sustainable vessels.

Methanol marine fuel related developments for Week 44 of 2024:

Wan Hai Lines Orders Eight Methanol-Ready Container Ships from Hyundai and Samsung

Date: October 29, 2024

Key Points: Wan Hai Lines has ordered eight methanol-ready container ships, each with a capacity of 16,000 TEU, to support future green fuel usage. The order includes four vessels from HD Hyundai Samho and four from Samsung Heavy Industries, with an estimated price range of $186.49-204 million per vessel. The methanol-ready design includes larger storage capabilities to accommodate methanol bunkering. These ships can be converted to methanol either during construction or after delivery, marking a strategic move by Wan Hai Lines towards sustainable shipping options.

Sinopec Completes Record Methanol Bunkering Operation for Maersk in China

Date: October 29, 2024

Key Points: Sinopec has successfully completed China’s largest methanol bunkering operation, supplying nearly 938 tonnes of methanol to the Maersk Halifax at Zhoushan Xinya Shipyard on October 13, 2024. This landmark operation marks a significant development in Sinopec’s methanol bunkering capabilities, achieved through innovative logistics and a custom-developed methanol fueling unit. Sinopec now aims to provide regular methanol supply and expand ship-to-ship fueling services, positioning itself as a leader in clean energy for maritime vessels.

Danone Joins Maersk’s ECO Delivery Programme to Reduce GHG Emissions in Shipping

Date: October 29, 2024

Key Points: Danone has joined Maersk’s ECO Delivery programme to reduce greenhouse gas emissions in its shipping operations. The programme allocates Danone’s shipments to vessels using biofuels derived from waste feedstocks, such as biodiesel and bio-methanol, which reduce GHG emissions by over 40% compared to traditional fossil fuels. This partnership aligns with Danone’s decarbonization strategy focused on alternative fuels and multimodal transport, furthering its commitment to sustainable logistics in collaboration with Maersk.

Maersk Secures Long-Term Bio-Methanol Supply Deal with Longi Green Energy

Date: October 30, 2024

Key Points: Maersk has entered a long-term supply agreement with Longi Green Energy Technology to secure bio-methanol for its expanding dual-fuel methanol fleet. The agreement, extending well into the next decade, will see bio-methanol produced from agricultural residues, such as straw and fruit tree cuttings, at a facility in Xu Chang, China. The first volumes are expected in 2026, supporting Maersk’s global alternative fuels portfolio and advancing its decarbonization strategy through the adoption of bio- and e-methanol.

South Korea Aims to Lead Global Eco-Bunker Fuel Market with Major Methanol Bunkering Milestone

Date: October 30, 2024

Key Points: South Korea has taken significant steps toward becoming a global leader in eco-friendly bunker fuels, successfully completing its first ship-to-ship methanol bunkering operation. Conducted at Busan New Port on October 4, the operation saw Maersk’s Antonia Maersk refuel with 3,000 tonnes of methanol from Hyodong Shipping’s vessel. The Ministry of Oceans and Fisheries (MOF) is enhancing bunkering infrastructure, securing vessels, and standardizing procedures for green fuels, including methanol and LNG. This progress supports South Korea’s goal to position its ports, particularly Busan, as central hubs for sustainable maritime fuel.

Methanol Integral to Design of Eco-Friendly VLCC by Japanese Consortium

Date: October 31, 2024

Key Points: A Japanese consortium, including Idemitsu Tanker, IINO Lines, NYK, and Nihon Shipyard, has completed the design concept for Japan's first eco-friendly Malacca Max VLCC (Very Large Crude Carrier) utilizing methanol as a primary fuel. The vessel will feature a dual-fuel engine capable of running on methanol and conventional fuels, with a shaft generator for energy efficiency. Additionally, the design includes an optional wind propulsion system, aiming to meet the Energy Efficiency Design Index (EEDI) Phase 3 regulations by reducing CO2 emissions by over 40%. This development highlights Japan’s efforts to lead in sustainable vessel design.

CMA CGM Expands Alternative Fuel Options with Synthetic LNG and Methanol Bunkering in Morocco

Date: November 1, 2024

Key Points: CMA CGM has partnered with Marsa Maroc to equip and operate part of the Nador West Med container terminal in Morocco, enabling bunkering of synthetic LNG and methanol. This joint venture aims to increase the terminal’s throughput to 1.2 million TEU annually and position it as a hub for green fuel in the Mediterranean. Supported by Morocco’s growing green hydrogen sector, the terminal is expected to offer synthetic methane and methanol, serving CMA CGM’s fleet of dual-fuel vessels and reinforcing the region’s commitment to sustainable maritime fuels.

 

Photo credit: Methanol Institute
Published: 7 November, 2024

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LNG Bunkering

Singapore-based PIL orders five more LNG dual-fuel boxships from Hudong-Zhonghua

This comes following PIL ordering five LNG dual-fuel container vessels with 13,000 TEU capacity from Hudong-Zhonghua Shipbuilding (Group) in August this year.

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Singapore-based PIL orders five more LNG dual-fuel boxship from Hudong-Zhonghua

Pacific International Lines (PIL) on Tuesday (5 November) said it has ordered another five 9,000 TEU liquefied natural gas (LNG) dual-fuel container vessels. 

The vessels will be built by one of Chinese shipbuilder Hudong-Zhonghua Shipbuilding (Group) Co.,LTD (Hudong-Zhonghua), with delivery expected in 2027 and 2028. 

Earlier this year in August, PIL had also ordered five LNG dual-fuel container vessels with 13,000 TEU capacity from Hudong-Zhonghua.

The new 9,000-TEU vessels are designed with highly-optimised cargo stowage features which will significantly enhance PIL’s service capabilities.  They will also be built to achieve a high level of environmental sustainability. 

PIL 9000 TEU LNG dual fuel container vessel 1024x767

In addition to being LNG powered, the vessels have the capability to transition to running on bio-methane, one of the lowest emission fuels available to the shipping industry today.

“With 18 newbuild vessels ordered in the last couple of years, PIL is demonstrating our commitment to renew, expand and modernise our fleet,” said Mr Lars Kastrup, CEO of PIL. 

“Our aim is to replace up to half our fleet in the next decade with modern new ships and charters. These ships are a significant step towards our green shipping goal of achieving net zero emissions by 2050, while increasing operational and cost efficiencies, improving services to our customers as well as enhancing the welfare of our crew.”

Similar to the earlier orders, these new vessels will also be equipped with the latest in digital technologies. These include Artificial Intelligence (AI) and Internet of Things (IoT) for real-time monitoring and automation of various tasks. The enhanced digital capabilities will enable better route planning and cargo management, ensuring timely and reliable service to customers.

The ships will fully comply with the International Maritime Organisation’s (IMO) Energy Efficiency Design Index (EEDI) for newbuilds and the Carbon Intensity Indicator (CII). They will feature energy-saving features such as a streamlined hull-form, variable-frequency drive (VFD) motors, shaft generators, lower-energy LED lightings as well as superior hull coatings. 

With this latest order, PIL will have ordered a total of 18 newbuild vessels since 2022. These include four 14,000 TEU, four 8,000 TEU, five 13,000 TEU, and five 9,000 TEU vessels. 

Two of the 14,000 TEU vessels, Kota Eagle and Kota Emerald, were named in a ceremony on 15 October 2024. PIL had taken delivery of Kota Eagle which had embarked on its maiden voyage on the West Coast Central and South America Service 2 in late October 2024.

Related: Singapore: Pacific International Lines orders five 13,000 TEU LNG dual-fuel vessels
Related: Shanghai: First bunkering operation of new PIL LNG dual-fuel boxship completed
Related: Singapore-based PIL names two LNG dual-fuel container vessels in China

 

Photo credit: Pacific International Lines
Published: 6 November, 2024

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