Methanol

Methanol-fuelled tanker “Stena Prosperous” formally named in Singapore

Vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on VLSFO.

Published

1 year ago

May 24, 2024

Admin

Methanol dual fuel tanker “Stena Prosperous” formally named in Singapore

Proman Stena Bulk, the joint venture between leading tanker company Stena Bulk and leading methanol producer Proman, on Thursday (23 May) formally christened Stena Prosperous during a ceremony at the Marina Bay Cruise Centre in Singapore.

After the ceremony, the 49,900 DWT IMOIIMeMAX vessel will be bunkered with a 20/80 green/conventional methanol blend, which delivers CO2e savings of 31% compared to the same voyage operated on Very Low Sulphur Fuel Oil (VLSFO), while making additional particulate matter (PM), sulphur oxides (SOx), and nitrogen oxides (NOx) savings.

The blend delivers greenhouse gas emissions reductions below the 2025 target required by Fuel EU Maritime, further underlining methanol’s viability as a pathway fuel.

Methanol dual fuel tanker “Stena Prosperous” formally named in Singapore

Stena Prosperous is the last of six vessels in Proman Stena Bulk’s joint venture fleet to be formally named, following the order for the six methanol-fuelled tankers being placed in 2019, and the first vessel being delivered in June 2022.

The naming ceremony was attended by representatives from Proman, Stena Bulk and guests and dignitaries from the wider shipping community. It concluded with the traditional christening and blessing, conducted by Mrs Krisztina Grütter, the vessel’s godmother.

Today, all six vessels are in commercial operation, running on methanol. Two of the vessels are long-term time-chartered to provide the market with opportunities to gain wider operational experience of methanol as a marine fuel.

Stena Prosperous has benefited from the USD 300 million already invested by the Low Emission Methanol Shipping Company – the LEMSCO Fund – an industry-first investment fund targeting sustainable investments under Article 9 of the EU’s Sustainable Finance Disclosure Regulation.

With four of the vessels in operation for the whole of 2023, Proman Stena Bulk has been able to track and assess the emissions performance of its fleet. This has shown that when the four vessels operate on methanol instead of VLSFO, the GHG emissions savings for a full year are around 5,500 tonnes.

In addition, the ships have demonstrated market-leading operational efficiency performance, as measured by the IMO’s Energy Efficiency Design Index (EEDI) methodology. For example, the Stena Pro Patria has demonstrated operating performance 11% better than the IMO’s 2025 target, setting a new efficiency benchmark for methanol-fuelled tankers.

The six-ship fleet is currently crewed and operated by Stena Sphere company Northern Marine Group, who have highlighted the technical similarities of the tankers to conventionally fuelled vessels, meaning that they do not require a completely new set of operating procedures.

Photo credit: Proman
Published: 24 May 2024

Up Next

Headway methanol LFSS contributes to successful testing of China’s first methanol DF engine

Don't Miss

Monjasa to relocate Stamford office to New York City in June

Alternative Fuels

Fratelli Cosulich and IINO Lines to collaborate on alternative bunker fuels

Fratelli Cosulich Marine Energy and IINO Lines signed a MoU, setting a foundation for further collaboration in the areas of methanol, LNG, and ammonia bunkering.

Published

3 days ago

June 20, 2025

Admin

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

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.

Published

5 days ago

June 18, 2025

Admin

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

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.

Published

6 days ago

June 17, 2025

Admin

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

Photo credit: NYK Group
Published: 17 June 2025