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Methanol

ETFuels aims to accelerate production of green methanol bunker fuel 

Capital injection from fund gives ETFuels the opportunity to accelerate towards 2030 goal of 1.4 million tonnes of green methanol production for shipping industry and other end-markets.

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Green fuels producer ETFuels on Thursday (5 October) announced a significant investment from SWEN Impact Fund for Transition 2 (SWIFT 2), a European impact strategy dedicated to renewable gas infrastructure managed by SWEN Capital Partners.

ETFuels said the capital injection from SWEN Capital Partners’ SWIFT 2 fund gives ETFuels the opportunity to accelerate towards 2030 goal of 1.4 milliion tonnes of green methanol production for the shipping industry and other end-markets.

It added it has developed a unique production model that combines vast renewable energy farms with green fuels production facilities. 

“This model unlocks renewable energy, allowing ETFuels to produce green fuels in a more cost competitive, scalable and sustainable way for their shipping customers, delivering a 91% reduction in emissions compared to heavy fuel oil,” it said in a statement. 

Lara Naqushbandi, CEO of ETFuels, said: “With the costs of carbon capture, renewables and electrolyzers continuing to fall, ETFuels will play a crucial role in decarbonising shipping. To enable our vision of energy transition at hyperscale we are delighted to have SWIFT 2 join our existing investor base. SWIFT 2 has demonstrated a pioneering focus on investing in green molecule opportunities since 2019 and we value the trust they have shown in our team.”

“We believe in energy transition at hyperscale: no more talking and pilots, but straight to delivering commercial decarbonisation of heavy industry, and huge environmental impact. The world needs genuinely green projects – now – more than ever.”

“The shipping industry has displayed clear demand signals for green methanol. ETFuels is delighted to heed this call, and to deliver competitively priced, scalable and sustainable fuel for our customers.”

Photo credit: Venti Views on Unsplash
Published: 9 October, 2023

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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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