Korea Shipbuilding & Offshore Engineering (KSOE) on Wednesday (5 October) said it has signed a contract with A.P. Moller – Maersk (Maersk), the world’s largest shipping company, to build six 17,000 TEU-class methanol-powered super-large container ships in a KRW 1.62 trillion (USD 1.15 billion) newbuilding order.
The vessels, powered by methanol dual fuel propulsion engines, will be built at Hyundai Heavy Industries in Ulsan and delivered to ship owners sequentially by 2025.
Methanol is attracting attention as a next-generation eco-friendly fuel because it can significantly reduce emissions of pollutants such as sulphur oxides (SOx), nitrogen oxides (NOx), and greenhouse gases compared to conventional marine oil, according to KSOE.
If all 19 methanol-propelled ships ordered by Maersk from KSOE are delivered and operated, about 2.3 million tons of carbon dioxide emissions can be reduced per year.
Related: Maersk orders further six methanol-fuelled 17,000 TEU newbuilds for delivery by 2025
Related: Singapore: Maersk Oil Trading, METS, Mitsui, ABS develop methanol bunkering project
Related: Methanol Institute: Methanol takes another step forward as China shipping giants signal support
Related: Maersk inks partnership with Chinese bioenergy firm Debo for green bio-methanol project
Related: Anaergia plant to supply CO2 for production of green e-methanol bunkers for Maersk boxship
Related: Maersk secures methanol bunker fuel supply for newbuilds with strategic partnerships
Related: Siemens Energy electrolyzer deal to support Maersk e-Methanol bunker fuel ambition
Related: Maersk invests USD 700.3 million for additional four methanol-fuelled container newbuilds
Related: Maersk introduces design of eight carbon-neutral methanol powered container newbuilds
Related: Maersk issues first green bond to fund carbon-neutral methanol vessels
Photo credit: Korea Shipbuilding & Offshore Engineering
Published: 7 October, 2022
Parties will define a joint venture (JV) structure where the JV will be chartering ships from Kanfer, buy LNG and trade them to the maritime industry in the region.
Operations include truck-to-ship bunkering of tugs and offshore vessels, with truck-to-industry operations for industrial customers and LNG-powered vehicles.
LNG, electric, and hybrid propulsion technologies to be used based on ship type, size and operational characteristics.
‘A challenging current climate calls for an all-hands-on-deck approach, in addition to exceptional talent [...] like Maleek, Neethu, Sascha and Travis,’ said Head of Bunkering.
Ship was added to list of vessels under Sheriff’s arrest in Singapore’s court system and ship is currently at Western Petroleum Anchorage; arrest was made on behalf of Resource Law LLC.
Parties entered into a 10-year partnership to establish a testing facility for fuel oil and marine diesel, including IMO 2020 compliant bunker fuels.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
