Connect with us

Methanol

Methanol Institute: Progress as a marine fuel continues across supply chain (Week 15, 8-14 April 2024)

Some quarters of the industry continue to express high level issues around bunkering quality standards, training and availability.

Admin

Published

on

RESIZED Methanol Institute logo

Chris Chatterton, Chief Operating Officer of 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:

Methanol’s positive progress as a marine fuel continues across the supply chain and shipping sectors, with buyers, suppliers and users all advancing plans for adoption and safe handling.

Some quarters of the industry continue to express high level issues around bunkering quality standards, training and availability – all issues that MI has either completed work on or can provide insight and support.

Elsewhere, work continues to increase the reach of methanol as a fuel and its role in lower carbon emissions. With an increasing share of the industry capable of using methanol as fuel, more designs are coming off the drawing board or achieving class approval, increasing the options for maritime industry stakeholders.

Methanol marine fuel related developments for Week 15 of 2024:

VPS Panel Session Highlights Challenges with Methanol Bunker Fuel Adoption in Shanghai

Date: April 10, 2024

Key Points: A recent seminar organized by VPS in Shanghai focused on the use of methanol as a marine fuel, where various industry experts discussed its challenges and advancements. Key participants included representatives from Chimbusco, the Methanol Institute, Green Marine Group, VPS, DNV, and GARD. They covered topics such as the limited availability of green methanol, the need for methanol bunkering standards, and the importance of safety and training in handling new fuels. Chimbusco highlighted efforts to improve methanol supply at ports and develop quality standards. The Methanol Institute addressed the market gap between methanol supply and demand, noting the increasing number of vessels needing methanol. Green Marine Group emphasized safety in the maritime energy transition, particularly with new fuels like methanol and ammonia. VPS and DNV discussed ensuring safety and quality in methanol bunkering, leveraging existing industry standards. Lastly, GARD spoke on the changing risk profiles due to new fuels, stressing the importance of crew training and insurer engagement to manage these risks effectively. This session underlined the collaborative effort required to support the maritime industry’s shift towards decarbonization while maintaining safety standards. 

Blueprints Revealed for Cruise Ship Powered by Wind and Methanol

Date: April 10, 2024

Key Points: Norway-based YSA Design has introduced a concept for a sustainable catamaran cruise ship named Seabreeze, catering to luxury cruise guests. This innovative design features transparent bays between the hulls, allowing guests to view the sea directly beneath them. The ship combines environmental friendliness and modern technology by utilizing foldable sails and engines that run on biomethanol for propulsion. Additionally, it includes a hybrid drive system for silent running on battery power. Designed to accommodate 200 guests and 155 crew members, the Seabreeze’s dimensions allow it to navigate shallow waters, making it ideal for reaching less accessible destinations. This project reflects the cruise industry’s shift towards sustainability and the need to offer unique experiences to environmentally conscious travellers.

Maersk’s New Boxship Takes On Methanol for the First Time in China

Date: April 12, 2024

Key Points: The new 16,000 TEU container ship from AP Moller-Maersk, named Astrid Maersk, has recently completed its first methanol refueling in China at the port of Yangshan, Shanghai. This event, announced on Maersk’s website, marks a significant milestone as it represents the first instance of green methanol bunkering in the country. The vessel, which was just named last week in Yokohama, is part of Maersk’s commitment to sustainability and its efforts to lead in decarbonizing global logistics. Silvia Ding, Maersk’s Managing Director for Greater China, highlighted this event as a critical development in building the necessary green methanol infrastructure and emphasized the company’s dedication to innovative solutions for a greener future.

Bureau Veritas Grants Approval for Methanol Fuel System

Date: April 10, 2024

Key Points: Bureau Veritas, a classification society, has given preliminary approval to a methanol dual-fuel system designed by Sasaki Shipbuilding for a 9,000 DWT general cargo vessel. This approval in principle (AiP) underlines the feasibility of using methanol as a sustainable fuel option not only for larger ships but now also for smaller vessels. This achievement highlights Sasaki Shipbuilding’s ongoing efforts to innovate within the maritime industry by developing ships that can utilize alternative fuels, thus contributing to the industry’s broader sustainability goals. This move reinforces the potential of methanol for environmentally friendly propulsion across various maritime applications.

Development of Methanol Bunkering Platform Scheduled for China

Date: April 4, 2024

Key Points: Green Marine is set to enhance the methanol fuel market in China with the launch of a new trading platform, following a strategic agreement with the China (Shanghai) Pilot Free Trade Zone Lingang Special Area Administration. This initiative will feature the creation of a methanol bunkering training and certification center in Lingang and the development of an online “Green Fuels Trading Platform.” This platform will provide essential tools for managing methanol price fluctuations and facilitating methanol transactions, aiming to improve the allocation of green fuel resources in Shanghai and establish a top-tier green shipping fuel service ecosystem. The move comes as methanol gains popularity as a marine fuel, with increasing demand from various shipping segments. Efforts are being intensified to scale up the green methanol supply to meet the needs of new methanol-fueled vessels entering service.

Upcoming Product Tankers to Feature Batteries, Wing Sails, and Methanol Engines

Date: April 11, 2024

Key Points: A new series of refined product tankers set to be introduced in Europe will be equipped with various advanced features aimed at enhancing environmental sustainability. These vessels will incorporate a battery system, wind-assisted propulsion, and methanol-fueled engines, as announced by the French shipping company EuroGreen Maritime, which has entered into a seven-year charter agreement with Norway’s Equinor. Designed by LMG Marin France, these dual-fuel MR IMO II chemical tankers will also feature OceanWings® for reduced fuel consumption, a large battery pack for better power management, and a shore power connection to minimize emissions during port operations. Managed by V.Ships France and flagged under France, the tankers are scheduled for delivery from the Wuhu Shipyard in Weihai, China starting in the first half of 2026. This initiative is part of EuroGreen and Equinor’s broader strategy to diminish the environmental impact of maritime operations. 

Green Fuels Powered 3% of Maersk’s Container Shipments in 2023

Date: April 12, 2024

Key points: AP Moller-Maersk reported an uptick in its use of green fuels for shipping containers, with 3% of its shipments in 2023 powered by such fuels, up from 2% in the previous year. The company aims to increase this to 25% by 2030, defining green fuels as those that achieve at least 65% reduction in lifecycle GHG emissions compared to traditional fossil fuels. The recent increase was primarily fueled by higher usage of biofuel blends and the incorporation of methanol-fueled vessels, including one 2,100 TEU feeder vessel and two 16,000 TEU ships. Maersk is actively working on securing more green methanol and other sustainable fuels to meet its future goals and is also exploring the use of green ammonia and other potential eco-friendly fuels for future operations.

 

Photo credit: The Methanol Institute
Published: 24 April 2024

Continue Reading

Alternative Fuels

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.

Admin

Published

on

By

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

Continue Reading

Alternative Fuels

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.

Admin

Published

on

By

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

Continue Reading

Methanol

GENA Solutions: Total renewable and low-carbon methanol project pipeline increases from 61.8 to 62.2 Mt by 2032

Information shared by MI – the Global Methanol Alliance meant to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

Admin

Published

on

By

28 1

MI – the Global Methanol Alliance recently shared with Manifold Times the renewable and low-carbon methanol project pipeline August 2026 release produced by GENA Solutions Oy.

Information from the release is meant to provide the bunkering publication’s readers with insight on renewable methanol availability, and to assist the maritime industry in the adoption of methanol as a mainstream marine fuel heading into IMO 2030/2050.

Key takeaways from GENA’s August 2026 Methanol release are as follows:

  • As of the end of August 2026, GENA tracks 286 renewable and low carbon methanol projects, representing 62.2 Mt of capacity by 2032. This includes 25.1 Mt of e-methanol, 25.9 Mt of biomethanol, and 11.2 Mt of low carbon methanol capacity.
  • Two new projects were added to Project Navigator last month, while one frozen project was excluded. The project pipeline increased by 0.4 Mt month on month.
  • Four new offtake agreements were registered during August, including two biomethanol and two e-methanol agreements.
  • About 8% of the cumulative renewable methanol project pipeline capacity has reached FID so far, with another 11% at the FEED stage.
  • Considering the current uncertainty around regulatory developments and demand growth, GENA projects that renewable methanol capacity could reach 6 Mt to 12 Mt by 2031.

Note: The full article can be viewed here.

Renewable methanol project pipeline 4 Renewable methanol by feedstock 8 Renewable methanol by region 7 Project pipeline by status Methanol capacity scenarios

 

Photo credit: GENA Solutions
Published: 4 September, 2026

Continue Reading
Advertisement

OUR INDUSTRY PARTNERS



Trending