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Maersk orders further six methanol-fuelled 17,000 TEU newbuilds for delivery by 2025

Maersk has set a net-zero emissions target for 2040 across the entire business and has also set tangible near-term targets for 2030 to ensure significant progress.

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Maersk newbuilds

A.P. Moller - Maersk (Maersk) on Wednesday (5 October) said it has ordered a further six large ocean-going vessels that can sail on green methanol.

The six vessels will be built by Hyundai Heavy Industries (HHI) and have a nominal capacity of approx. 17,000 containers (Twenty Foot Equivalent - TEU). They will replace existing capacity in the Maersk fleet.

“Our customers are looking to us to decarbonise their supply chains, and these six vessels able to operate on green methanol will further accelerate the efforts to offer our customers climate neutral transport,” said Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands at Maersk.

“Global action is needed in this decade in order to meet the Paris Agreement’s goal of limiting global warming to a 1.5°C temperature rise.”

Maersk has set a net-zero emissions target for 2040 across the entire business and has also set tangible near-term targets for 2030 to ensure significant progress.

This includes a 50% reduction in emissions per transported container in the Maersk Ocean fleet compared to 2020 and a principle of only ordering newbuilt vessels that can be operated on green fuels.

19 green methanol vessels on order

With the order, Maersk has in total ordered 19 vessels with dual-fuel engines able to operate on green methanol.

“Green methanol is the best scalable green fuel solution for this decade, and we are excited to see several other shipowners choosing this path,” states Palle Laursen, Chief Fleet & Technical Officer at Maersk.

“It adds further momentum to the rapid scaling of availability needed to bring down the premium on green methanol and accelerate the evolution of climate neutral shipping.”

Benchmarked against conventional fuel capabilities, additional capital expenditure (CAPEX) for the methanol dual-fuel capability is in the range of 8-12%, which is an improvement compared to when Maersk ordered eight vessels with the same technology last year.

The six 17,000 TEU vessels are all to be delivered in 2025 and will sail under the flag of Denmark. They all come as part of Maersk’s ongoing fleet renewal program and their capacity will replace an equal amount of capacity reaching end-of-life and leaving the Maersk managed fleet. When all 19 vessels on order are deployed and have replaced older vessels, they will generate annual CO2 emissions savings of around 2.3 million tonnes.

Maersk further reiterates its strategy of maintaining a fleet capacity at a maximum of 4.3 million TEU, as a combination of Maersk managed and time-chartered vessels.

About the six vessels

  • The six vessels have a nominal capacity of approx. 17,000 containers (Twenty Foot Equivalent - TEU)
  • All to be delivered in 2025
  • They come with dual-fuel engines able to operate on green methanol
  • The six 17,000 vessels running on green methanol will save about 800,000 tonnes of CO2 emissions annually

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: A.P. Moller - Maersk
Published: 6 October, 2022

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Bunker Fuel

SIBCON 2024: Singapore bunker suppliers must provide e-BDN from 1 April 2025

Senior Minister of State Amy Khor also announced MPA will reduce the frequency of verification checks for mass flow meters from twice a year currently, to once a year, from 1 April 2025.

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SIBCON 2024: Singapore bunker suppliers must provide e-BDN from 1 April 2025

From 1 April 2025, all bunker suppliers in the Port of Singapore will be required to provide digital bunkering services as a default, said Senior Minister of State for Transport and Sustainability and the Environment Amy Khor on Wednesday (9 October).

Khor said Singapore will be the first port globally to implement digital bunkering at scale. MPA launched the digital bunkering initiative on 1 November 2023, becoming the first port in the world to implement electronic bunker delivery notes (e-BDN).

“This initiative is expected to save the industry close to 40,000 man-days annually. In addition, MPA will introduce a centralised electronic Bunker Delivery Note record verification facility to enhance the transparency and integrity of transactions in bunkering operations,” she said in her speech at the 23rd Singapore International Bunkering Conference and Exhibition (SIBCON). 

She emphasised that the Maritime and Port Authority of Singapore (MPA) will work closely with industry partners and the unions to digitalise and streamline processes to improve efficiency in our port; strengthen our capabilities for the bunkering of future fuels and encourage adoption of these fuels; and upskill our workforce to facilitate the green transition. 

Khor also made the following announcements:

  • From 1 April 2025, MPA will reduce the frequency of verification checks for mass flow meters from twice a year currently, to once a year. Singapore was the first port globally to adopt mass flow meters in 2017, and this new move is expected to help the industry save approximately $300,000 annually.
  • From 1 January 2025, MPA will roll out two innovative AI applications, DocuMind and DocuMatch, developed in collaboration with cloud service providers to drive greater efficiency in our port. These are expected to accelerate certificate processing time from up to three days currently, to a few minutes for most transactions.
  • Two ammonia bunkering proposals by Mitsui and Fortescue-Equatorial Marine Fuels have been selected by the consortia for the next round of Request for Proposal to provide a low- or zero-carbon ammonia solution on Jurong Island for power generation and bunkering.
  • MPA will commit $50 million to support the implementation of the refreshed Maritime Singapore Green Initiative, to further encourage the early adoption of green fuels and technologies across the maritime industry.
  • Singapore will continue to strengthen international partnerships through initiatives like the Green and Digital Shipping Corridors (GDSCs) to enable the digitalisation and decarbonisation of shipping. On 9 October, MPA and the Shandong Provincial Transport Department will be signing the Singapore-Shandong GDSC at the sidelines of the 25th Singapore-Shandong Business Council co-chaired by Mr Chee Hong Tat, Minister for Transport and Second Minister for Finance, and Mr Zhou Naixiang, Governor of the Shandong Provincial Government.

 

Photo credit: Singapore Ministry of Transport
Published: 9 October, 2024

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LNG Bunkering

Seaspan Energy takes delivery of first LNG bunkering vessel

“Seaspan Garibaldi” will take first cargo and finalise commissioning in Vancouver before its first ship-to-ship bunkering in Long Beach, where Seaspan will bunker a series of vessels.

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Seaspan Energy takes delivery of first LNG bunkering vessel “Seaspan Garibaldi”

Seaspan Energy on Monday (7 October) said it took delivery of its first LNG bunkering vessel, the Seaspan Garibaldi and is currently sailing to Vancouver.

Manifold Times previously reported that the vessel is the first of three 7,600m3 LNG bunkering vessels and it is named after Mount Garibaldi, or “Nch'ḵay̓”.

The Garibaldi will take first cargo and finalise commissioning in Vancouver before its first ship-to-ship bunkering in Long Beach, where Seaspan will provide Simultaneous Operations to bunker a series of vessels.

Following its first bunkering, the Seaspan Garibaldi will continue to provide low-carbon solutions to vessels on the West Coast of North America and will soon be joined by Seaspan Energy’s second LNG bunkering vessel, the Seaspan Lions (Ch’ich’iyúy Elxwíkn).

The Seaspan Garibaldi is 112.8 metres in length, 18.6 metres in width, 5 metres in draft, with a design speed of 13 knots.

CIMC Sinopacific Offshore & Engineering (CIMC SOE), a small-scale gas carrier shipyard in the world, was appointed to build all three LNG bunkering vessels.

Related: Seaspan launches “Seaspan Garibaldi”, first of three LNG bunkering vessels

 

Photo credit: Seaspan
Published: 9 October, 2024

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LNG Bunkering

Avenir LNG, Eni ink multi-year charter for LNG bunker vessel “Avenir Aspiration”

Avenir signed a Time Charter Party with Eni subsidiary LNG Shipping for one of the company’s 7,500cbm LNG bunker vessels; charter to Eni will commence from delivery in Europe in 2025.

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Avenir LNG orders two 20,000cbm LNG bunker and supply vessels from CIMC SOE

Avenir LNG Limited on Tuesday (8 October) announced it has signed a Time Charter Party (TCP) with LNG Shipping S.p.A., a 100% subsidiary of Eni S.p.A.(Eni) for one of the company’s 7,500cbm LNG bunker vessels, the Avenir Aspiration

The multi-year time charter to Eni will commence from delivery in Europe in 2025.

With this announcement, Avenir continues to deliver on its chartering strategy which has successfully concluded four new term charter agreements over the past 12 months across its fleet of five vessels on the water and two under construction.

This charter increases the company’s third-party charter revenue backlog, including options, to over USD 285 million, securing additional long term sustainable cashflow for the Group and shareholders over the next decade.

The Avenir Aspiration currently trades alongside the Avenir Ascension in the Northwest Europe performing small-scale supply services and ship-to-ship bunkering operations as part of Avenir’s physical LNG trading division, Avenir Supply and Trading.

Mr. Jonathan Quinn, Managing Director of Avenir LNG, said: “We are excited to be working with Eni to support their expansion into the LNG Bunkering market.”

“This transaction further solidifies Avenir as the trusted partner for modern and efficient small-scale LNG vessels as well as delivering on our strategy to facilitate the growth of LNG as a marine fuel globally.”

“We look forward to embarking on this long-term relationship with Eni whom we will serve with the highest safety and operational standards which Avenir has come to be known for.”

 

Photo credit: Avenir LNG
Published: 9 October, 2024

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