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Methanol Institute: Pioneering developments and strategic collaborations (Week 20, 13-19 May 2024)

Industry leaders advance methanol as a sustainable marine fuel through innovative projects, strategic partnerships, and policy advocacy.

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The Methanol Institute, provides an exclusive weekly commentary on developments related to the adoption of methanol as a bunker fuel, including significant related events recorded during the week, for the readers of bunkering publication Manifold Times:

Vessels large and small are being ordered or delivered featuring Methanol as a fuel, with Stena announcing two further ropax ferry conversions and the port of Antwerp welcoming the Methatug to the harbour. Elsewhere a UK company is looking to reduce emissions with biomethanol and a study claims the country could become a leader in adoption of low carbon fuel infrastructure.

Methanol marine fuel related developments for Week 20 of 2024:

Vopak Partners with Singapore Polytechnic for Training in Alternative Marine Fuels

Date: May 10, 2024

Key Points: Global storage firm Vopak is collaborating with Singapore Polytechnic to train faculty members of the Singapore Maritime Academy in the safe handling of alternative marine fuels, including methanol. This initiative, formalized through a memorandum of understanding, aims to enhance maritime safety and support Singapore’s ambition to become a leading sustainable multi-fuels hub. Rob Boudestijn, President of Vopak Terminals Singapore, emphasized the importance of this collaboration in nurturing the next generation of maritime professionals and addressing the challenges of training industry stakeholders in alternative fuel handling to achieve maritime decarbonization.

UK Operator Expands Fleet with Carbon-Reducing Ships

Date: May 13, 2024

Key Points: BG Freight Line has added four low carbon operating ships to its fleet, with the first vessel, BG Green, already deployed and the others set to follow later this year. These ships feature scrubbers for emissions abatement and use biomethanol as bunker fuel. This investment highlights the company’s commitment to sustainability. BG Freight Line, owned by Peel Ports Group, aims to be a net-zero operator by 2040. The ships will handle containerized cargo on routes between the UK, Ireland, and the Continent.

Stena Line to Convert Two More Ferries for Methanol Use

Date: May 15, 2024

Key Points: Stena Line plans to convert two more ferries, Stena Superfast VII and Stena Superfast VIII, to dual-fuel propulsion systems capable of running on methanol and MGO. Partnering with Lloyd’s Register, the conversions aim to reduce CO2 emissions and promote sustainable shipping. Stena Line, an early adopter of methanol propulsion with the Stena Germanica, continues to see methanol as a viable alternative fuel to decarbonize its operations.

Port of Antwerp-Bruges Introduces Methanol-Powered Tugboat

Date: May 16, 2024

Key Points: The Port of Antwerp-Bruges has launched the world’s first methanol-fuelled tugboat, Methatug. This 30m vessel can carry 12,000 liters of methanol, sufficient for two weeks of operations. Supplied by De Wit Bunkering through truck-to-ship operations, the Methatug marks a significant step in the port’s initiative to transition to alternative and renewable energy sources, aiming for climate neutrality by 2050. The port hopes this project will inspire other ports to adopt similar green technologies.

UK Should Lead in Transition to Zero-Carbon Bunkers

Date: May 16, 2024

Key Points: A new report by UMAS and Arup emphasizes the UK’s potential to lead the transition to zero-carbon fuels in the shipping industry. The research suggests that shifting just 10% of fuel demand in the north-east of England and the Southampton/Portsmouth area to methanol, ammonia, or other hydrogen-derived fuels could significantly advance maritime decarbonization. While overseas production costs may be lower, the UK has an opportunity to develop critical infrastructure and become an early adopter in the zero-emission fuels market.

RFNBOs as a Sustainable Compliance Solution

Date: May 17, 2024

Key Points: According to insights provided by Glander International Bunkering, the shipping industry’s focus on short-term biofuel solutions must shift towards long-term options like synthetic LNG, methanol, and ammonia, referred to as renewable fuels of non-biological origin (RFNBOs). These e-fuels, made with renewable hydrogen, are crucial for achieving a zero-carbon future. The EU aims for at least 2% of shipping energy from RFNBOs by 2034, encouraging their use through favorable regulations. While costs and infrastructure pose challenges, anticipated price reductions and regulatory support are expected to facilitate their adoption.

Auramarine Secures Fuel Supply Systems Agreement in South Korea

Date: May 16, 2024

Key Points: Auramarine has partnered with South Korea’s Specs Corporation Ltd to enhance sales of its fuel supply systems, including those specialized for methanol and ammonia, for both retrofits and newbuilds. Specs Corporation will act as an official sales representative for Auramarine in South Korea. This collaboration leverages Specs’ extensive experience with engine manufacturers and shipowners, aligning with Auramarine’s vision to expand in the South Korean market.

NS United Places Order for Methanol-Fueled Bulker

Date: May 17, 2024

Key Points: Japanese shipping company NS United Kaiun Kaisha has ordered a 209,000 DWT dry bulk carrier capable of running on methanol and fuel oil, set for delivery in 2027. The vessel, to be built by Nippon Shipyard Co, Imabari Shipbuilding Co, and Japan Marine United Corporation, aims to reduce GHG emissions by over 80% using green methanol. This dual-fuel ship is a significant step towards NS United’s goal of achieving net-zero GHG emissions by 2050.

 

Photo credit: The Methanol Institute
Published: 24 May 2024

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

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Yang Ming orders six LNG dual-fuel, ammonia-ready containerships from Hanwha Ocean

Taiwanese shipping firm Yang Ming Marine Transport Corporation (Yang Ming) and South Korean shipbuilder Hanwha Ocean on Wednesday (2 September) signed a shipbuilding contract for six 13,000 TEU class LNG dual-fuel container vessels. 

The contract was signed by Dr. Chuck Tsai, Chairman of Yang Ming, and Mr. Charles Kim, CEO of Hanwha Ocean. The vessels are scheduled for delivery between 2028 and 2029. 

They will complement Yang Ming’s existing fleet of 10,000+ TEU vessels and serve as key vessels on East-West services, with deployment flexibility across trade lanes connecting Asia with the East and West Coasts of North America, South America, and the Mediterranean. 

Each of the six new vessels will have a capacity of up to 13,650 TEU and feature LNG dual-fuel propulsion and Ammonia Fuel Ready specifications.

“As Yang Ming transitions toward net-zero emissions, LNG provides a relatively mature and economically viable alternative fuel solution, capable of reducing greenhouse gas emissions by approximately 20%,” the company said. 

“At the same time, ammonia can serve as a carbon-free fuel by utilising converted LNG storage facilities, while offering relatively lower conversion costs and comparatively well-developed supply chains and infrastructure. The Ammonia Fuel Ready design will therefore provide Yang Ming with greater flexibility in responding to increasingly stringent international regulations on greenhouse gas emissions.”

In addition, the vessels will be equipped with Type B LNG fuel tanks with a design pressure of 1.0 bar to enhance the safety and efficiency of LNG operations, together with a range of energy-saving technologies, including Wind Shields, Rudder Bulbs, Pre-Swirl Stators, and Shore Power Systems. Smart ship technologies and cybersecurity protection features will also be incorporated to enhance operational efficiency, safety, and reliability while effectively reducing fuel consumption and greenhouse gas emissions.

Deliveries under Yang Ming’s next-generation fleet optimization plan commenced earlier this year. By 2030, a total of 24 new vessels are expected to enter service. 

This includes 18 LNG dual-fuel vessels—comprising five 15,500 TEU, seven 16,000 TEU, and the six 13,000 TEU vessels under this contract—alongside six 8,000 TEU methanol dual-fuel-ready ships. 

 

Photo credit: Yang Ming Marine Transport
Published: 4 September, 2026

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Both secured AiP for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

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LR, China’s MARIC unveil tanker concept ready for three future bunker fuels

Lloyd’s Register (LR) and the Marine Design and Research Institute of China (MARIC) on Thursday (3 September) have secured Approval in Principle (AiP) for a new 114,000 DWT product and crude oil tanker designed to accommodate future conversion to LNG, methanol or ammonia.

Announced at SMM 2026, the concept addresses one of the biggest investment challenges facing shipping today: the need to develop vessels and capabilities that can support a range of alternative fuel options and pathways as technologies, infrastructure and regulations evolve.

While LNG is already a mature fuel pathway, methanol and ammonia remain at an earlier stage of development, with questions around global fuel availability, infrastructure development, economics and long-term adoption.

The 114,000 DWT tanker concept has been designed as a product and crude oil carrier that can accommodate future conversion to LNG, methanol or ammonia as technologies, regulations and fuel supply chains mature. By incorporating conversion readiness at the design stage, the concept aims to reduce future retrofit complexity and provide owners with greater confidence when planning long-term fleet investments.

The design concept was reviewed against LR’s July 2026 class rules and regulations, including requirements relating to ships using gases and other low-flashpoint fuels, alongside relevant IACS Common Structural Rules for oil tankers. Final classification and statutory approval remain subject to full compliance with all applicable rules and regulations.

Theo Kourmpelis, Global Business Director for Tankers, Lloyd’s Register, said: “Shipowners are being asked to make major investment decisions today despite continued uncertainty around which fuels will dominate in the decades ahead. Alternative fuel solutions each offer potential pathways to compliance, but fuel infrastructure, regulation and economics continue to evolve at different speeds around the world.

“Designs that preserve flexibility will be critical in helping owners manage risk while preparing for multiple future scenarios.”

Si Nan, Marine & Offshore Marketing Department Vice Director, MARIC, said: “As the industry explores different decarbonisation pathways, shipowners need vessel designs that can adapt alongside technological and regulatory developments. This concept was developed specifically to provide greater fuel flexibility and long-term resilience, allowing owners to respond to changing market requirements without being locked into a single fuel strategy.

“Receiving Approval in Principle from Lloyd’s Register is an important milestone that validates the design concept and supports its future development.”

 

Photo credit: Lloyd’s Register
Published: 4 September, 2026

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

LNG-fuelled vessels accounted for the vast majority of August activity while the strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year.

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DNV: Alternative-fuelled vessel orders hit highest monthly level since October 2024

Latest data from classification society DNV’s Alternative Fuels Insight (AFI) platform alternative-fuelled vessel ordering was strong in August, with 52 new vessels added to the platform.

This is the highest monthly total since October 2024 and follows another active month in July, when 47 vessels were added to the database.

LNG-fuelled vessels accounted for the vast majority of August activity, with 46 orders recorded. The container segment led the way with 30 orders, while the car carrier segment contributed a further 12 LNG-fuelled vessels. In addition, four ethanol-fuelled bulk carriers and two hydrogen-powered bulk carriers were added during the month, as well as one LNG bunker vessel.

The strong summer performance marked a significant acceleration in ordering activity after a relatively slow start to the year. In total, 242 alternative-fuelled vessel orders have been placed in the first eight months of 2026, representing a 27% increase compared with the same period in 2025.

LNG remains the dominant fuel choice, accounting for 63% of all alternative-fuelled vessel orders registered so far this year. Container vessels represent the largest share of these LNG orders (59%), followed by car carriers (30%).

Jason Stefanatos, Global Decarbonization Director at DNV Maritime, said: “The past two months have been particularly strong for alternative-fuelled vessel ordering, with August recording the highest monthly total we’ve seen since October 2024. This has helped lift year-to-date orders to a level well above the same period last year.

“LNG remains the leading fuel choice, driven largely by activity in the container and car carrier segments. These sectors have been among the earliest adopters of alternative fuels, supported by predictable liner operations and increasing demand from cargo owners to reduce emissions across supply chains. 

“For many owners, LNG offers a combination of emissions reductions, fuel availability and future flexibility while the longer-term fuel landscape continues to evolve. 

“At the same time, the latest figures include orders for ethanol- and hydrogen-fuelled vessels, highlighting that owners continue to explore a range of decarbonization pathways. Different segments are making different fuel choices, but the overall level of activity demonstrates continued investment in lower-emission shipping.”

Screenshot 2026 09 04 at 12.29.26 PM Screenshot 2026 09 04 at 12.29.36 PM

 

Photo credit: DNV
Published: 4 September, 2026

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