Connect with us

Alternative Fuels

DNV: Methanol-powered vessel orders continues to surpass LNG-fuelled ship orders in June

Latest figures from DNV’s AFI platform showed 55 vessels with alternative fuel propulsion were ordered in June; 26 were orders for LNG fuelled vessels and 29 for methanol powered vessels.

Admin

Published

on

Screenshot 2023 07 05 at 12.40.22 PM

Latest figures from DNV’s Alternative Fuels Insight (AFI) platform showed 55 vessels with alternative fuel propulsion were ordered in June, with orders for methanol-fuelled vessels continuing its lead over LNG-fuelled ships from May. 

Of these 55 vessels, 26 were orders for LNG-fuelled vessels and 29 for methanol powered vessels (including retrofits). So far this year the total order figure for alternative fuel vessels stands at 128. The container segment continues to be the main driver of growth in orders for alternative fuel vessels.

Screenshot 2023 07 05 at 12.40.40 PM

Screenshot 2023 07 05 at 12.40.22 PM

Container vessels constituted almost half on the LNG fuelled ships ordered last month, bringing the total count for LNG fuelled container vessels past the 250 mark. For methanol, container vessels made up nearly 80% of the new orders, bringing the total count of methanol fuelled container vessels past the 100 mark.

Screenshot 2023 07 05 at 12.41.14 PM
Screenshot 2023 07 05 at 12.41.33 PM

Martin Wold, Principal Consultant in DNV’s Maritime Advisory business, said: “June saw the first order for a methanol driven vessel within the tanker segment that was not a methanol carrier. We now have methanol fuelled ships in the pipeline for most main segments but when excluding methanol carriers, containers make up more than 80% of the entire confirmed fleet of methanol fuelled ships. Measuring by future fuel demand, that share rises to well over 90%.”

“We continue to see a strong pipeline for orders of both LNG and Methanol fuelled vessels.”

Manifold Times previously reported DNV’s AFI platform showing 19 vessels with alternative fuel propulsion were ordered in May with orders of methanol-fuelled ships surpassing LNG-fuelled vessels.

Related: DNV: Methanol-powered vessel orders surpass LNG in May
Related: DNV: Alternative-fuelled orderbook likely to decrease with more orders for tankers, bulker
Related: DNV: Orders for alternative fuel vessels slows down in March
Related: DNV upgrades AFI platform with new bunker fuel types and improved price monitoring
Related: DNV Alternative Fuels Insight shows ‘significant’ orders for alternative fuel vessels in February
Related: DNV: No new confirmed orders for LNG-fuelled ships in January
Related: DNV: LNG fueled ships led total 2022 orders for ships with alternative bunker fuels

Photo credit: DNV
Published: 5 July, 2023

Continue Reading

Newbuilding

Singapore: EPS orders ammonia, LNG dual-fuel vessels from China

EPS signed one contract for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International.

Admin

Published

on

By

300

Singapore-based Eastern Pacific Shipping (EPS) on Wednesday (28 February) said it signed two new contract orders in a signing ceremony in Shanghai, one for a series of ammonia dual-fuel bulk carriers with CSSC Beihai Shipbuilding and another for a series of LNG dual-fuel oil tankers with CSSC Guangzhou Shipbuilding International. 

The contracts signed cover four 210,000 dwt ammonia dual-fuel bulk carriers and two 111,000 dwt LNG dual-fuel LR2 oil tankers, expanding our fleet of green vessels on water. 

“These are pivotal for EPS, testament to our continued commitment towards the decarbonisation of shipping,” EPS said in a social media post.

Manifold Times recently reported EPS signing a contract for its first ever wind-assisted propulsion system, partnering with bound4blue to install three 22-metre eSAILs® onboard the Pacific Sentinel

The turnkey ‘suction sail’ technology, which drags air across an aerodynamic surface to generate exceptional propulsive efficiency, will be fitted later this year, helping the 183-metre, 50,000 DWT oil and chemical tanker reduce overall energy consumption by approximately 10%, depending on vessel routing.

Related: Singapore: EPS orders its first wind-assisted propulsion system for tanker

 

Photo credit: Eastern Pacific Shipping
Published: 1 March 2024

Continue Reading

LNG Bunkering

Malaysia: Port of Tanjung Pelepas completes first LNG bunkering operation

Landmark event involved the CMA CGM Monaco, a 14,024 TEUs containership operated by French shipping giant CMA CGM.

Admin

Published

on

By

299

Port of Tanjung Pelepas Sdn Bhd (PTP), a joint venture between MMC Group and APM Terminals, on Wednesday (28 February) announced a significant milestone with the successful completion of its first Liquefied Natural Gas (LNG) bunkering operation. 

The landmark event involved the CMA CGM Monaco, a 14,024 TEUs (Twenty-foot Equivalent Units) capacity containership operated by French shipping giant, CMA CGM.

Tan Sri Che Khalib Mohamad Noh, Chairman of PTP in a statement remarked this latest milestone demonstrates PTP’s commitment to continuously enhance its competitive advantages in an increasingly competitive global market.

“The successful completion of our first LNG bunkering operation also underscores our unwavering commitment to sustainability and environmental leadership. We are proud to partner with Petronas Trading Corporation Sendirian Berhad (PETCO) and CMA CGM on this initiative and showcase PTP’s capabilities as a leading facilitator of clean and efficient maritime operations.”

“This milestone paves the way for further growth in LNG bunkering at PTP, contributing significantly to the decarbonisation of the maritime industry.”

Commenting on this achievement, Mark Hardiman, Chief Executive Officer of PTP stated this latest milestone further highlights PTP’s position as the largest transshipment hub terminal in Malaysia.

“In preparation for the LNG bunkering operation, PTP worked closely since March 2022 with PETCO and CMA CGM, as well as with various other related government agencies to organise table-top exercises (TTX) and workshops, before carrying out the deployment exercise.”

“The success of the bunkering operation is a result of the seamless collaboration and preparations involving rigorous safety procedures through in-depth operational and risk assessments, modelling, and validation. We thank PETCO, CMA CGM all other involved parties for their joint efforts in operationalising the bunkering capability and we welcome partners to work with us to accelerate maritime decarbonisation,” said Hardiman.

Port of Tanjung Pelepas (PTP) is Malaysia’s largest transshipment hub with the capacity to handle 13 million TEUs annually. The port delivers reliable, efficient, and advanced services to major shipping lines and box operators, providing shippers in Malaysia and abroad with extensive connectivity to the global market. PTP is currently ranked 15th among the world top container ports.

 

Photo credit: Port of Tanjung Pelepas
Published: 1 March 2024

Continue Reading

Alternative Fuels

Wallenius Wilhelmsen to order four additional methanol DF PCTCs

Newbuilds will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

Admin

Published

on

By

Wallenius Wilhelmsen PCTC order

Roll-on/roll-off (Ro-Ro) shipping company Wallenius Wilhelmsen on Tuesday (27 February) declared options to build four additional next-generation Shaper Class pure car and truck carrier (PCTC) vessels.

The 9,300 CEU methanol dual fuel vessels can utilise alternative fuel sources, such as methanol, upon delivery. They will also be ammonia-ready and able to be converted as soon as ammonia becomes available in a safe and secure way.

“Together with our customers we are committed to further shaping our industry and accelerating towards net zero. These new vessels are a vital part of that journey,” says Xavier Leroi, EVP & COO Shipping Services.

This latest commitment brings the total number of Shaper Class vessels currently on order with Jinling Shipyard (Jiangsu) to eight. Wallenius Wilhelmsen also retains further options.

The first of the Shaper Class vessels already ordered are expected to be delivered in the second half of 2026. The four additional vessels under the declared options will be delivered between May and November 2027.

 

Photo credit: Wallenius Wilhelmsen
Published: 1 March 2024

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

OUR INDUSTRY PARTNERS

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


  • pro liquid
  • E Marine logo
  • Manifoldtimes LogoAdv 300x300px
  • metcore
  • intrasea
  • SMS Logo v2
  • CNC Logo Rev Manifold Times
  • Trillion Energy
  • Cathay Marine Fuel Oil Trading logo
  • Kenoil
  • Headway Manifold
  • 400x330 v2 copy
  • VPS 2021 advertisement
  • Advert Shipping Manifold resized1

Trending