Waterfront Shipping Company Ltd. (WFS),
Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui
& Co., Ltd. (Mitsui), and the NYK Group (NYK) are proud to announce their
investment to build four new ocean-going vessels powered by clean-burning
methanol fuel, says Methanex.
These four 49,000 dead weight tonne vessels will be
delivered in 2019 and built with MAN B&W ME-LGI 2-stroke dual-fuel engines
that can run on methanol, fuel oil, marine diesel oil or gas oil.
The vessels will join the existing seven
methanol-fueled vessels chartered by WFS.
In 2016, WFS, Marinvest, Mitsui O.S.K. Lines, Ltd.,
and Westfal-Larsen Management announced the delivery of these seven
fuel-efficient ocean-going vessels to the sea.
These innovative vessels are built with the
first-of-its kind MAN B&W ME-LGI 2-stroke dual fuel engines and have
achieved accolades from the marine industry for their use of clean-burning
methanol as an alternative fuel.
“We are very
happy to be working with Waterfront Shipping again on this innovative
technology. With seven engines already in operation and proven in the field,
this new order confirms the ME-LGI concept as a mature technology” said René
Sejer Laursen, Promotion Manager, MAN Diesel & Turbo, adding that ME-LGI
will continue its promising progress.
Paul Hexter, President, Waterfront Shipping observed
that their ‘seven methanol-fueled vessels have been operating safely and
reliably since 2016’. “We are proud to
see 40 per cent of our fleet powered by methanol-fuel technology in the coming
year,” he said.
Methanol is a safe, cost-effective
alternative marine fuel. With the growing demand for cleaner marine fuel,
methanol is a promising alternative fuel for ships that helps the shipping
industry meet increasingly strict emissions regulations. Methanol significantly
reduces emissions of sulphur oxides (SOx), nitrogen oxides (NOx) and
As a safe, biodegradable and clean-burning fuel,
methanol is a promising alternative marine fuel that can meet new and existing
environmental regulations from the International Maritime Organization (IMO)
that require vessels to decrease emissions of sulphur oxide and nitrogen
. The four new vessels will be built in Korea at
Hyundai Mipo Dockyard, where several of the first generation of methanol fueled
vessels were built. WFS will charter the four vessels to replace older vessels
and support growing demand for methanol around the world.
Two of the
vessels will be owned in a joint venture between WFS and Marinvest, one will be
owned by NYK and the fourth will be owned in a joint venture between IINO and
“We have been very pleased by the performance of the
vessels delivered in 2016 and excited to be investing in another two. Our
overall focus in the development of the dual-fuel system concept has been
safety and engine reliability. We have found the technology for handling
methanol is well developed and offers a safe dual-fuel solution for low flashpoint
liquid fuels”, states Patrik Mossberg, Chairman, Marinvest.
“For over 130
years, we have been guided by our commitment to pioneering innovation.
Investing in this proven groundbreaking and innovative marine technology
exemplifies our commitment to using leading clean technology to meet the safe
and dependable transportation needs of our global customers”, states Koji
Kondo, Corporate Officer, NYK.
While Patrik Mossberg, Chairman, Marivest called the
technology for handling methanol “ well developed” offering a safe “ dual-fuel
solution for low flashpoint liquid fuels” Ryuichi Osonoe, Director and Managing
Executive Officer IINO remarked that investing in the next generation of fuels
“ is one way we’ll continue to meet regulations while maintaining the
efficiency of our operations.”
“We are proud
to be partnering with WFS to advance methanol as a sustainable marine fuel and
be part of an innovative solution that meets the needs of the shipping industry
and contributes to a more sustainable future”, says Takeshi Setozaki, Chief
Operating Officer, Mitsui.