Connect with us

Newbuilding

DNV: Eight new vessels with alternative fuel propulsion ordered for RoRo segment

‘While November’s performance may not have matched the volume of previous months, the overall enthusiasm and promising trajectory remain for both LNG and methanol,’ says Martin Wold of DNV.

Admin

Published

on

DNV: Eight new vessels with alternative fuel propulsion ordered for RoRo segment

Latest figures from DNV’s Alternative Fuels Insight (AFI) platform in November saw a total of eight new vessels with alternative fuel propulsion ordered.

Among these, four were for LNG-powered ships, while the remaining four were methanol-powered. All eight orders were within the RoRo and car carrier segment.

Screenshot 2023 12 05 at 2.51.41 PM

So far this year, the platform has logged 268 new orders for alternative fuel vessels, including 112 LNG- and 152 methanol-powered ships. June and July saw the most activity related to LNG with 47 new orders combined, whereas July propelled methanol-powered vessels across the 200 ships mark with 48 new orders.

Screenshot 2023 12 05 at 2.52.03 PM
Screenshot 2023 12 05 at 2.52.10 PM
Screenshot 2023 12 05 at 2.52.10 PM

Martin Wold, Principal Consultant in DNV's Maritime Advisory business, said: "While November's performance may not have matched the volume of previous months, the overall enthusiasm and promising trajectory remain for both LNG and methanol. The same goes for ammonia…”

“…In general, the pipeline for both announced and unannounced projects remains strong, indicating that the pace will pick up again. However, it's worth noting that the momentum we see in the tanker and bulk segments continues to experience a more gradual acceleration.”

Photo credit: DNV
Published: 5 December, 2023

Continue Reading

LNG Bunkering

Peninsula completes LNG bunkering op of “Thor Highway” in Gibraltar

Peninsula’s LNG bunker vessel “Levante LNG” successfully carried out the operation to deliver fuel to the car carrier, which is a newly built vessel chartered by “K” LINE.

Admin

Published

on

By

Peninsula completes LNG bunkering op of “Thor Highway” in Gibraltar

Marine fuel supplier Peninsula on Wednesday (17 July) announced the successful LNG bunkering of the car carrier Thor Highway by Peninsula’s LNG bunker vessel Levante LNG

The supply operation was carried out for its customer “K” LINE in Gibraltar.

The Thor Highway, operated by “K” LINE, is a newly built LNG dual-fuelled car carrier chartered by the company and was delivered this year. 

The vessel is part of “K” LINE’s continued commitment to lower carbon shipping solutions. Peninsula’s Tokyo office was integral in facilitating this deal through the strong relationship built with “K” LINE locally.

The smooth delivery also highlights Gibraltar and its Port Authority’s ambition in making their Port a key hub for LNG bunkering in the Mediterranean.

Peninsula’s Head of Sustainability and Alternative Fuels, Nacho de Miguel, said: “The LNG powered vessel order book is looking very healthy over the coming years. This further validates our decision to develop LNG bunkering solutions in the early stages of the marine fuel transition.

“Due to the ever-growing experience in supplies undertaken by our Alternative Fuels, Physical and Reselling desks, we are constantly increasing our ability to better service our customers. “K” LINE’s trust in Peninsula for supplying the Thor Highway is a testament to our growing presence in the LNG space and our ability to service customers from across the globe.”

Related: Peninsula sees ‘uplift’ interest in LNG bunker fuel among customers

 

Photo credit: Peninsula
Published: 18 July 2024

Continue Reading

Methanol

Singapore-based X-Press Feeders launches Europe’s first green methanol feeder network

Industry milestone coincided with naming and christening ceremony in Rotterdam of X- Press Feeders’ first dual-fuel methanol-powered vessel, “Eco-Maestro”.

Admin

Published

on

By

Singapore-based X-Press Feeders launches Europe’s first green methanol feeder network

Singapore-based global maritime container shipping company X-Press Feeders on Tuesday (9 July) launched Europe’s first scheduled feeder network in which the vessels are powered by green methanol.

The firm said the industry milestone coincided with the naming and christening ceremony in Rotterdam of X- Press Feeders’ first dual-fuel methanol-powered vessel.

The newly christened vessel, named Eco-Maestro, is the first of 14 dual-fuel vessels X-Press Feeders has on order. X-Press Feeders plans to deploy these vessels mostly on routes in Europe, creating Europe’s first feeder network powered by green methanol.

The company recently celebrated the first simultaneous methanol bunkering and cargo operation (SIMOPS) of the 1,200 TEU capacity Eco Maestro in Singapore on 27 May; the containership is the first in a series of 14 newbuildings ordered from Yangzijiang Shipbuilding Holdings and New Dayang shipyard.

The initiative coincides with the EU’s implementation this year of an emissions trading scheme (ETS) for maritime shipping, creating an impetus for shippers to use more sustainable shipping channels. Fuel EU Maritime regulations starting in January 2025 will also mandate the reduction of greenhouse gas (GHG) emission intensity on energy used on board ships.

Newly christened vessel, named Eco-Maestro, is the first of 14 dual-fuel vessels X-Press Feeders has on order.

Newly christened vessel, named Eco-Maestro, is the first of 14 dual-fuel vessels X-Press Feeders has on order.

X-Press Feeders first methanol-powered feeder network offers services:

  • Green Finland X-PRESS (GFX): Rotterdam > Antwerp Bruges > Helsinki > Tallinn > HaminaKotka > Rotterdam
  • Green Baltic X-PRESS (GBX): Rotterdam > Antwerp Bruges > Klaipeda > Riga > Rotterdam

The firm said green bio-methanol is a more sustainable fuel because it is a renewable energy source produced from the decomposition of organic matter, such as waste and residues.

X-Press Feeders is using green methanol that is independently certified in Europe under ISCC (International Sustainability and Carbon Certification).

The company chose the Port of Rotterdam as the base for Europe’s first feeder network powered by green methanol because Rotterdam is Europe’s largest port and is fully equipped to handle green methanol refuelling.

The milestone is also the result of the collaboration between X-Press Feeders and several other key partners, such as the ports of: Antwerp Bruges, HaminaKotka, Helsinki, Klaipeda, Riga, and Tallinn.

These partnerships are crucial in supporting the methanol-powered feeder network and ensuring seamless, sustainable logistics across the region.

“Today marks a significant milestone in sustainable shipping in Europe because companies here now have a regular scheduled network that can ship goods in a way that has less impact on the environment, helping companies to better achieve their sustainability goals,” said X-Press Feeders Chief Operating Officer, Francis Goh.

“X-Press Feeders chose northern Europe for the first routes in the network because we found that customers in this part of Europe were most receptive to our plans for sustainable shipping,” he said.

“We plan to steadily expand the green network across Europe as we take delivery of our dual-fuel vessels,” he added. Eco Maestro is the first to join the network while the second dual-fuel vessel will join by Q3 2024.

“X-Press Feeders is committed to playing a vital role in decarbonizing the maritime industry and being at the forefront of innovation and sustainability,” he added.

Related: First SIMOPS methanol bunkering operation completed in Singapore
Related: VPS conducts assessment on first SIMOPS methanol bunkering op in Singapore
Related: Singapore-based X-Press Feeders takes delivery of methanol dual-fuel vessel
Related: Interview: Methanol marine fuel ‘favourable at the moment’ with X-Press Feeders, says COO

 

Photo credit: X-Press Feeders
Published: 10 July, 2024

Continue Reading

Newbuilding

Fratelli Cosulich orders two methanol-ready chemical bunker tankers

Vessels, two 7,999 DWT IMO2 chemical bunkering tankers, ordered from Taizhou Maple Leaf Shipbuilding, are engineered to transport a variety of cargoes, such as fuel oil, biofuels, and methanol.

Admin

Published

on

By

RESIZED scott graham

Genoa-based international shipping and logistics company Fratelli Cosulich Group on Monday (8 July) said it placed an order for two advanced methanol-ready chemical bunkering tankers with Taizhou Maple Leaf Shipbuilding Co., Ltd. 

The vessels, two 7,999 DWT IMO2 chemical bunkering tankers, will be engineered to transport a variety of cargoes, such as fuel oil, biofuels, and methanol, thereby enhancing their utility and market potential. 

“This move underscores Fratelli Cosulich Group’s dedication to advancing a sustainable and efficient maritime industry, while also elevating fleet operational excellence,” the firm said in a statement. 

The order includes options for two other additional units in the future. The first of these methanol-ready vessels is set for delivery in the first half of 2026.

The company’s twin small-scale LNG bunker vessels, Alice Cosulich and Paolina Cosulich, are now fully operational, meeting the growing demand from LNG-fueled vessels. 

“In addition, we are profoundly diversifying our fleet because we believe in a multi-fuel future,” it said. 

“Vessels like Marta Cosulich, our first IMO2 chemical bunker vessel capable of delivering biofuel and methanol, and the anticipated 2025 delivery of our second IMO2 chemical bunker vessel, and the first methanol fueled, demonstrate our Group’s commitment to this vision.”

This investment marks another milestone in the Group’s commitment to a sustainable and efficient maritime industry and enhanced fleet operational excellence. Our investment in alternative fuels not only meets regulatory requirements but also exemplifies industry leadership.

Manifold Times previously reported Fratelli Cosulich Group announcing that it placed an order for its first methanol dual-fuelled chemical bunker tanker on 15 December and will operate in Singapore.

Headway Technology Group reportedly signed a cooperation agreement with Fratelli Cosulich to provide a methanol fuel supply system for the 7,990 DWT methanol dual-fuel tanker.

Related: China: Headway to provide methanol fuel supply systems to Fujian Guohang and Fratelli Cosulich
Related: Fratelli Cosulich orders its first methanol dual-fuelled bunker tanker to serve Singapore
Related: Fratelli Cosulich calls 2023 its ‘second-best year ever’ despite 42% drop in net profit
Related: Fratelli Cosulich launches methanol, biofuel bunker barge in Singapore

 

Photo credit: Scott Graham on Unsplash
Published: 9 July, 2024

Continue Reading
Advertisement
  • EMF banner 400x330 slogan
  • Consort advertisement v2
  • v4Helmsman Gif Banner 01
  • SBF2
  • Aderco advert 400x330 1
  • RE 05 Lighthouse GIF

OUR INDUSTRY PARTNERS

  • SEAOIL 3+5 GIF
  • Triton Bunkering advertisement v2
  • Singfar advertisement final
  • 102Meth Logo GIF copy
  • HL 2022 adv v1


  • CNC Logo Rev Manifold Times
  • Synergy Asia Bunkering logo MT
  • E Marine logo
  • intrasea
  • PSP Marine logo
  • Energe Logo
  • MFA logo v2
  • Auramarine 01
  • metcore
  • Cathay Marine Fuel Oil Trading logo
  • 400x330 v2 copy
  • Advert Shipping Manifold resized1
  • VPS 2021 advertisement
  • Headway Manifold

Trending