Fratelli Cosulich Marine Energy and IINO Lines on Thursday (19 June) announced a strategic cooperation that reinforces their shared commitment to the decarbonisation of the maritime industry.

The two companies have signed a Memorandum of Understanding (MoU) to explore new business opportunities in the alternative marine fuels sector. 

“This agreement marks a significant step in the long-standing relationship between the two companies and sets the foundation for further collaboration in the areas of methanol, LNG, and ammonia bunkering,” Fratelli Cosulich said. 

Through the MoU, the parties will engage in joint initiatives, exchange market insights, and facilitate connections with potential suppliers and stakeholders in the alternative fuels space. 

“We are proud to announce the partnership with Fratelli Cosulich for initiatives in alternative marine fuels. Both companies have extensive history in the shipping industry,” said Yusuke Otani, President of IINO Lines. 

“The joint development will enable a holistic approach for building a supply chain of alternative marine fuels.”

“As we navigate the energy transition, partnerships like the one we announce today with IINO Lines are essential in shaping the future of sustainable shipping,” said Timothy Cosulich, CEO of Fratelli Cosulich Group. 

“By combining our expertise and resources, we aim to drive the adoption of cleaner marine fuels and contribute to the decarbonization of global shipping.”

Photo credit: Scott Graham
Published: 20 June, 2025

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

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