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Industry Welcomes Four New Ocean-Going Vessels Capable Of Running On Methanol

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 particulate matter. 

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 oxides. 

. 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 Mitsui.

“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.


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