ONE preparing for use of ammonia and methanol as bunker fuel in latest VLCS orders
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Global container shipping company Ocean Network Express Pte. Ltd. (ONE) on Tuesday (31 May) said it has signed ship building contracts with Hyundai Heavy Industries Co. Ltd. and Nihon Shipyard Co., Ltd. to construct five vessels each, adding a total of ten modern Very Large Container Ships (VLCS) to ONE’s fleet.
These ships have a nominal capacity of more than 13,700 TEU and are to be delivered in 2025.
This investment embodies ONE’s midterm strategy announced in March, to safeguard a sustainable supply chain for the future and underscore ONE’s green strategy and decarbonisation plan, explains the company.
The vessels are designed with the highest efficiency standards as well as a variety of cutting-edge technology to reduce navigational impacts to the environment and are planned for the “Ready notation” or “AiP (Approval in Principle)” of Ammonia and Methanol as fuel, Carbon Capture and Storage.
Moreover, this fleet will enable ONE to broaden the exploration of long-term alternative fuels and decarbonisation technologies in the future, says the firm.
“ONE is determined to become a leader in maritime decarbonisation and remains fully committed to achieving sustainable marine transportation by achieving carbon neutrality by 2050,” it said.
“The company will continue to make necessary investments in greener assets and technologies, whilst engaging in open collaboration with industry stakeholders.”
Photo credit: Ocean Network Express Pte. Ltd.
Published: 1 June, 2022
