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Methanol Institute: Pioneering methanol adoption and sustainability initiatives (Week 22, 27 May-2 June 2024)

This week showcases significant advancements in methanol technology, strategic partnerships, and policy developments, reinforcing the maritime industry’s shift towards sustainable fuel alternatives.

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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:

The focus was firmly on Singapore last week where the world’s second biggest port recorded further methanol milestones. 

The port saw the MPA declare its readiness to support methanol bunkering at a commercial scale and industry players were ready to respond. 

The launching of a new bunker tanker, the conclusion of the first SIMOPs bunkering assessment and a further methanol as bunkers delivery demonstrate the industry’s readiness to meet the challenges of lowering emissions from shipping.

Methanol marine fuel related developments for Week 22 of 2024:

Singapore MPA Declares Readiness for Commercial Methanol Bunkering Operations

Date: May 27, 2024

Key Points: The Maritime and Port Authority of Singapore (MPA) announced its readiness to support commercial-scale methanol bunkering operations at the port. With completed safety and technical studies, Singapore is now equipped with the necessary infrastructure and regulatory frameworks. This move positions Singapore as a leading hub for alternative marine fuels, aligning with global decarbonization goals and promoting methanol as a viable, sustainable option for the maritime industry. 

Methanol Institute Names Alexander Döll as Chief Operating Officer

Date: May 28, 2024

Key Points: The Methanol Institute (MI) has appointed Alexander Döll as its new Chief Operating Officer, replacing Chris Chatterton. Döll, who will be based in Brussels, brings extensive experience from the chemical industry and energy transition sectors, having held leadership roles at OCI Global, Dow, and Hill & Knowlton. His expertise will be pivotal in advancing MI’s regional operations and engaging in global policy discussions, supporting the growing role of methanol in the energy transition.

Global Energy Completes First Methanol Marine Fuel Delivery in Singapore

Date: May 28, 2024

Key Points: Global Energy Trading Pte Ltd (GET) has successfully completed its first methanol bunkering operation in Singapore. On May 24th, GET’s IMO type II bunker tanker, MT Kara, delivered approximately 1,340 metric tonnes of blended methanol to the methanol-powered tanker Stena Prosperous. This milestone marks a significant step in Singapore’s efforts to promote the use of alternative marine fuels, supporting the maritime industry’s transition towards more sustainable energy sources.

Future Mega-Boxship Orders to Focus on Alternative Bunker Fuels

Date: May 29, 2024

Key Points:According to shipping consultancy Alphaliner, all future orders for mega-boxships are expected to feature capabilities for alternative fuels such as LNG and methanol. Currently, 88% of vessels on order are designed to operate on these greener fuels, reflecting the shipping industry’s decarbonization efforts. With 229 mega-boxships projected for delivery by 2028, these ships, which consume a significant portion of global bunker fuel, are set to shift from conventional oil bunkers, impacting high-sulfur fuel oil (HSFO) demand.

VPS Completes First SIMOPS Methanol Bunkering Assessment in Singapore

Date: May 29, 2024

Key Points: Marine fuels testing company VPS has conducted its first simultaneous operations (SIMOPS) methanol bunkering assessment in Singapore. Appointed by OCI Methanol Europe, part of the OCI Global Group, VPS performed quantity and quality assessments of methanol fuel delivery to the vessel Eco Maestro. This assessment is part of Singapore’s broader efforts to support methanol bunkering as a viable alternative fuel, reflecting the industry’s ongoing shift towards sustainable energy sources and decarbonization initiatives.

Consortium Signs MoU to Establish Green Methanol Production Facility in Egypt

Date: May 29, 2024

Key Points: AD Ports Group, Transmar, and Orascom Construction have signed a memorandum of understanding (MoU) to develop a green methanol storage and export facility in Egypt. This facility aims to provide low-carbon fuel for maritime transport, supporting decarbonization in the shipping industry. Green methanol, produced from renewable sources like green hydrogen, offers a sustainable alternative to fossil fuels. This initiative aligns with the UAE’s decarbonization goals and positions the consortium at the forefront of the green hydrogen revolution.

Fratelli Cosulich Launches Methanol Bunkering Tanker in Singapore

Date: May 30, 2024

Key Points: Fratelli Cosulich has launched its new bunkering tanker, Marta Cosulich, in Singapore, capable of delivering methanol. This 8,700 m³ capacity vessel is part of the company’s commitment to environmental responsibility, complementing its LNG and other emerging technologies. Following methanol bunkering trials, the Singapore Maritime and Port Authority declared readiness for commercial-scale methanol bunkering operations. Fratelli Cosulich’s fleet now includes five bunker tankers, enhancing its sustainable operations.

 

Photo credit: The Methanol Institute
Published: 11 June, 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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