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DNV: ‘Quiet month’ of March for alternative fuelled orders, but trend remains strong

‘Although new order activity in March has fallen short of the high volume registered in January and February, the overall picture remains positive,’ says Jason Stefanatos of DNV.

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DNV: ‘Quiet month’ of March for alternative fuelled orders, but trend remains strong

Latest figures from DNV’s Alternative Fuels Insight (AFI) platform in March saw a total of five new orders for alternative fueled vessels confirmed.

Classification society DNV said there were two orders each for methanol and ammonia fueled ships, with just one order for an LNG fueled vessel. 

“Although this was a quiet month for the ordering of alternative fueled vessels, the overall trend remains strong,” it said.

For the first three months of 2024, a total of 68 orders for alternative fueled vessels were made, compared to 44 in the first three months of 2023, representing year-on-year growth of over 50%.

DNV: ‘Quiet month’ of March for alternative fuelled orders, but trend remains strong

DNV: ‘Quiet month’ of March for alternative fuelled orders, but trend remains strong

DNV: ‘Quiet month’ of March for alternative fuelled orders, but trend remains strong

Jason Stefanatos, Global Decarbonization Director at DNV, said: “Although new order activity in March has fallen short of the high volume registered in January and February, the overall picture remains positive.”

‘As seen by the exponential year-on-year growth for new orders in the first quarter of the year, the alternative-fueled fleet is expanding at a rapid pace.”

“The LNG fleet in operation has more than doubled since 2021, while the fast-growing methanol orderbook indicates similar growth in this segment over the next five years.”

“The ammonia fleet just started to develop in the beginning of the year adding two new orders in March, on top of three in January and February.”

“We are now seeing signs that investment in these vessels is also on the rise, and market conditions indicate that this could continue over the coming months and years.”

 

Photo credit: DNV
Published: 8 April 2024

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Methanol

Methanol-fuelled tanker “Stena Prosperous” formally named in Singapore

Vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on VLSFO.

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Methanol dual fuel tanker “Stena Prosperous” formally named in Singapore

Proman Stena Bulk, the joint venture between leading tanker company Stena Bulk and leading methanol producer Proman, on Thursday (23 May) formally christened Stena Prosperous during a ceremony at the Marina Bay Cruise Centre in Singapore.

After the ceremony, the 49,900 DWT IMOIIMeMAX vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on Very Low Sulphur Fuel Oil (VLSFO), while making additional particulate matter (PM), sulphur oxides (SOx), and nitrogen oxides (NOx) savings. 

The blend delivers greenhouse gas emissions reductions below the 2025 target required by Fuel EU Maritime, further underlining methanol’s viability as a pathway fuel.

Methanol dual fuel tanker “Stena Prosperous” formally named in Singapore

Stena Prosperous is the last of six vessels in Proman Stena Bulk’s joint venture fleet to be formally named, following the order for the six methanol-fuelled tankers being placed in 2019, and the first vessel being delivered in June 2022.

The naming ceremony was attended by representatives from Proman, Stena Bulk and guests and dignitaries from the wider shipping community. It concluded with the traditional christening and blessing, conducted by Mrs Krisztina Grütter, the vessel’s godmother.

Today, all six vessels are in commercial operation, running on methanol. Two of the vessels are long-term time-chartered to provide the market with opportunities to gain wider operational experience of methanol as a marine fuel.

Stena Prosperous has benefited from the USD 300 million already invested by the Low Emission Methanol Shipping Company – the LEMSCO Fund – an industry-first investment fund targeting sustainable investments under Article 9 of the EU’s Sustainable Finance Disclosure Regulation.

With four of the vessels in operation for the whole of 2023, Proman Stena Bulk has been able to track and assess the emissions performance of its fleet. This has shown that when the four vessels operate on methanol instead of VLSFO, the GHG emissions savings for a full year are around 5,500 tonnes.

In addition, the ships have demonstrated market-leading operational efficiency performance, as measured by the IMO’s Energy Efficiency Design Index (EEDI) methodology. For example, the Stena Pro Patria has demonstrated operating performance 11% better than the IMO’s 2025 target, setting a new efficiency benchmark for methanol-fuelled tankers.

The six-ship fleet is currently crewed and operated by Stena Sphere company Northern Marine Group, who have highlighted the technical similarities of the tankers to conventionally fuelled vessels, meaning that they do not require a completely new set of operating procedures.

 

Photo credit: Proman
Published: 24 May 2024

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Alternative Fuels

SAFEEN Group begins trials of ‘first of its kind’ electric tug in Middle East

Future plans include a shore facility at Khalifa Port capable of delivering 1.5 MW of power for charging, to accommodate such tugs.

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SAFEEN Group trials of ‘first of its kind’ electric tug in Middle East

SAFEEN Group, part of AD Ports Group, on Tuesday (21 May) announced it has commenced a trial of an electric tug within their Marine Services fleet, the “first of its kind” in the Middle East, which will be deployed at AD Ports Group’s flagship facility, Khalifa Port. 

Unveiled during the 27th International Tug & Salvage Convention, Exhibition & Awards 2024, Dubai, the Damen RSD-E Tug 2513 is an all-electric harbour tug, expected to provide numerous advantages including zero emissions from “Tank to Propeller”, operational efficiency thanks to boasting a 70-tonne bollard pull able to handle the largest vessels, and cost-effectiveness due to lower maintenance costs compared to diesel-powered counterparts.

Initially, the tug will be operated via generators which comply with the latest emission IMO tier 3 regulations. This set up, despite using generators, remains more fuel-efficient compared to traditional ASD tugs.

The trial initiative is expected to pave the way for a formalised electrification strategy for the marine services fleet. 

Future plans include a shore facility at Khalifa Port capable of delivering 1.5 MW of power for charging, to accommodate such tugs. With a shore charging facility in place, the tug will benefit from its full electric capabilities, contributing significantly to reducing the carbon footprint of maritime activities.

Captain Ammar Mubarak Al Shaiba, CEO – Maritime & Shipping Cluster, AD Ports Group, said: “We are very proud to have the first electric tug in the Middle East join our fleet. Implementing electric tugs into our operations aligns with our local and global and local ambitions for greener maritime operations.”

“AD Ports Group’s commitment to a sustainable future is underscored by adopting such technologies, contributing to the overall reduction of greenhouse gas emissions in the maritime sector.”

Kommer Damen, Chairman of Damen Shipyards Group, said “We are very pleased that the first electric tug in the Middle East is going to be undertaking operations for SAFEEN Group.”

“The RSD-E 2513 has garnered recognition within the maritime industry, winning the ‘Tug of the Year’ award at the 2022 International Tug & Salvage Awards. This accolade emphasises the vessel’s innovative design and its contribution to environmental sustainability.”

 

Photo credit: AD Ports Group
Published: 24 May 2024

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Alternative Fuels

Methanol Institute: Pioneering developments and strategic collaborations (Week 20, 13-19 May 2024)

Industry leaders advance methanol as a sustainable marine fuel through innovative projects, strategic partnerships, and policy advocacy.

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RESIZED Methanol Institute logo

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:

Vessels large and small are being ordered or delivered featuring Methanol as a fuel, with Stena announcing two further ropax ferry conversions and the port of Antwerp welcoming the Methatug to the harbour. Elsewhere a UK company is looking to reduce emissions with biomethanol and a study claims the country could become a leader in adoption of low carbon fuel infrastructure.

Methanol marine fuel related developments for Week 20 of 2024:

Vopak Partners with Singapore Polytechnic for Training in Alternative Marine Fuels

Date: May 10, 2024

Key Points: Global storage firm Vopak is collaborating with Singapore Polytechnic to train faculty members of the Singapore Maritime Academy in the safe handling of alternative marine fuels, including methanol. This initiative, formalized through a memorandum of understanding, aims to enhance maritime safety and support Singapore's ambition to become a leading sustainable multi-fuels hub. Rob Boudestijn, President of Vopak Terminals Singapore, emphasized the importance of this collaboration in nurturing the next generation of maritime professionals and addressing the challenges of training industry stakeholders in alternative fuel handling to achieve maritime decarbonization.

UK Operator Expands Fleet with Carbon-Reducing Ships

Date: May 13, 2024

Key Points: BG Freight Line has added four low carbon operating ships to its fleet, with the first vessel, BG Green, already deployed and the others set to follow later this year. These ships feature scrubbers for emissions abatement and use biomethanol as bunker fuel. This investment highlights the company's commitment to sustainability. BG Freight Line, owned by Peel Ports Group, aims to be a net-zero operator by 2040. The ships will handle containerized cargo on routes between the UK, Ireland, and the Continent.

Stena Line to Convert Two More Ferries for Methanol Use

Date: May 15, 2024

Key Points: Stena Line plans to convert two more ferries, Stena Superfast VII and Stena Superfast VIII, to dual-fuel propulsion systems capable of running on methanol and MGO. Partnering with Lloyd's Register, the conversions aim to reduce CO2 emissions and promote sustainable shipping. Stena Line, an early adopter of methanol propulsion with the Stena Germanica, continues to see methanol as a viable alternative fuel to decarbonize its operations.

Port of Antwerp-Bruges Introduces Methanol-Powered Tugboat

Date: May 16, 2024

Key Points: The Port of Antwerp-Bruges has launched the world's first methanol-fuelled tugboat, Methatug. This 30m vessel can carry 12,000 liters of methanol, sufficient for two weeks of operations. Supplied by De Wit Bunkering through truck-to-ship operations, the Methatug marks a significant step in the port's initiative to transition to alternative and renewable energy sources, aiming for climate neutrality by 2050. The port hopes this project will inspire other ports to adopt similar green technologies.

UK Should Lead in Transition to Zero-Carbon Bunkers

Date: May 16, 2024

Key Points: A new report by UMAS and Arup emphasizes the UK's potential to lead the transition to zero-carbon fuels in the shipping industry. The research suggests that shifting just 10% of fuel demand in the north-east of England and the Southampton/Portsmouth area to methanol, ammonia, or other hydrogen-derived fuels could significantly advance maritime decarbonization. While overseas production costs may be lower, the UK has an opportunity to develop critical infrastructure and become an early adopter in the zero-emission fuels market.

RFNBOs as a Sustainable Compliance Solution

Date: May 17, 2024

Key Points: According to insights provided by Glander International Bunkering, the shipping industry's focus on short-term biofuel solutions must shift towards long-term options like synthetic LNG, methanol, and ammonia, referred to as renewable fuels of non-biological origin (RFNBOs). These e-fuels, made with renewable hydrogen, are crucial for achieving a zero-carbon future. The EU aims for at least 2% of shipping energy from RFNBOs by 2034, encouraging their use through favorable regulations. While costs and infrastructure pose challenges, anticipated price reductions and regulatory support are expected to facilitate their adoption.

Auramarine Secures Fuel Supply Systems Agreement in South Korea

Date: May 16, 2024

Key Points: Auramarine has partnered with South Korea's Specs Corporation Ltd to enhance sales of its fuel supply systems, including those specialized for methanol and ammonia, for both retrofits and newbuilds. Specs Corporation will act as an official sales representative for Auramarine in South Korea. This collaboration leverages Specs' extensive experience with engine manufacturers and shipowners, aligning with Auramarine’s vision to expand in the South Korean market.

NS United Places Order for Methanol-Fueled Bulker

Date: May 17, 2024

Key Points: Japanese shipping company NS United Kaiun Kaisha has ordered a 209,000 DWT dry bulk carrier capable of running on methanol and fuel oil, set for delivery in 2027. The vessel, to be built by Nippon Shipyard Co, Imabari Shipbuilding Co, and Japan Marine United Corporation, aims to reduce GHG emissions by over 80% using green methanol. This dual-fuel ship is a significant step towards NS United's goal of achieving net-zero GHG emissions by 2050.

 

Photo credit: The Methanol Institute
Published: 24 May 2024

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