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News / Alternative Fuels/ Methanol Institute welcomes launch of new methanol-powered tankers

Methanol Institute welcomes launch of new methanol-powered tankers

22 Aug 2019
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The Methanol Institute on Thursday (22 August) welcomed the launch of two new dual-fuelled tankers capable of operation using methanol.

The 49,000dwt product tankers Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard by owners Marinvest and Waterfront Shipping on 16 August.

A further two vessels will join the Waterfront fleet before the end of the year; they will be owned by NYK and Mitsui/IINO Kaisha and chartered to Waterfront Shipping.

The new tonnage will join the seven existing dual-fuel tankers operated by Waterfront Shipping which have recently marked 50,000 hours of trouble-free operations on methanol as a marine fuel.

“The launch of the Mari Couva and Mari Kokako is a milestone for the acceptance of methanol as a safe and reliable marine fuel that can meet IMO2020 regulations and create a pathway to lower carbon shipping,” said Greg Dolan, CEO, The Methanol Institute.

“The fact that the new ships feature more efficient engines capable of achieving IMO NOx Tier III compliance with no further modification demonstrates that this is a technology that is moving forward consistently.”

According to the Methanol Institute, the use of methanol as fuel requires very little additional investment into the ship since the fuel is a liquid and has handling properties similar to those for conventional distillate fuels. This makes it suitable for both newbuildings and retrofit projects, with minimal impact on cargo space and a simple training process for crew.

Interest in the use of methanol as marine fuel has continued to grow in recent years, with numerous research projects completed or in progress to investigate the suitability of marine fuel across multiple vessel types.

“The investment in these vessels is a perfect example of companies looking to explore innovative ways to meet global emission requirements for the marine sector, something which continues in vessel demonstration programs in Europe, China and Singapore,” adds Chris Chatterton, Chief Operating officer of the Methanol Institute.

“We expect the implementation of the IMO2020 regulations to further increase interest in methanol as a marine fuel that can deliver cost-effective compliance.”

Related: Waterfront Shipping Company receives two methanol-fuelled newbuilds

Photo credit: Methanol Institute
Published: 23 August, 2019

 

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