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KSOE clinches USD 1.15 billion deal with Maersk to build its six 17,000 TEU methanol-fuelled container ships

07 Oct 2022

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
RelatedSingapore: Maersk Oil Trading, METS, Mitsui, ABS develop methanol bunkering project
RelatedMethanol Institute: Methanol takes another step forward as China shipping giants signal support
RelatedMaersk inks partnership with Chinese bioenergy firm Debo for green bio-methanol project
RelatedAnaergia plant to supply CO2 for production of green e-methanol bunkers for Maersk boxship
RelatedMaersk secures methanol bunker fuel supply for newbuilds with strategic partnerships
RelatedSiemens Energy electrolyzer deal to support Maersk e-Methanol bunker fuel ambition
RelatedMaersk invests USD 700.3 million for additional four methanol-fuelled container newbuilds
RelatedMaersk introduces design of eight carbon-neutral methanol powered container newbuilds
RelatedMaersk issues first green bond to fund carbon-neutral methanol vessels


Photo credit: Korea Shipbuilding & Offshore Engineering
Published: 7 October, 2022

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