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Methanol

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Cargill joins global trade association for methanol industry
Methanol

Cargill joins global trade association for methanol industry

Swiss freight-trading organization Cargill Ocean Transportation has become the newest member of the Methanol Institute, a global trade association for the methanol industry. Founded in 1956 in Geneva, Cargill Ocean Transportation charters around 650 vessels worldwide. According to Rakhi Rastogi, Shi

about 3 years ago
P&O Maritime Logistics,
Methanol

P&O Maritime Logistics: We are assessing a diverse array of fuels

In today’s rapidly evolving landscape, it is no longer a question of whether to decarbonize, but rather how to do it effectively and strategically. The imperative to reduce carbon emissions and embrace sustainability has become an indisputable reality for businesses across industries. The focus has

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about 3 years ago
Methanol
Methanol

14 methanol-powered ships ordered in October

A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from DNV’s Alternative Fuel Insights (AFI) database shows. Some of the most recent orders saw

about 3 years ago
Aasen Shipping orders three hybrid methanol-ready ships at Royal Bodewes
Methanol

Aasen Shipping orders three hybrid methanol-ready ships at Royal Bodewes

Norwegian shipping company Aasen Shipping has placed an order for three new hybrid-powered methanol-ready self-dischargers.

about 3 years ago
Beihai Shipbuilding
Methanol

Hayfin invests in up to four methanol-ready Suezmaxes

Europe’s shipping investor Hayfin has placed an order for up to four ‘enhanced methanol ready’ Suezmax tankers at South Korean shipbuilder Hyundai Heavy Industries (HHI). The contract includes two firm 158,000-dwt tankers and options for two more sister vessels with the delivery of the firm units sc

about 3 years ago
A.P. Moller Holding-backed C2X advances plans for green methanol production in Spain
Methanol

A.P. Moller Holding-backed C2X advances plans for green methanol production in Spain

C2X, a recently established company backed by A.P. Moller Holding as majority owner and A.P. Moller – Maersk as minority owner, has concluded the first phase to secure the concession for a large site for green methanol production with the port of Huelva in Spain. After signing a framework agreement

about 3 years ago
Lloyd’s Register to class North Star’s two VARD-built methanol-ready CSOVs
Methanol

Lloyd’s Register to class North Star’s two VARD-built methanol-ready CSOVs

Lloyd’s Register (LR), the UK’s classification society, has been awarded a contract to class two methanol-ready commissioning service operations vessels (CSOVs) being built by VARD, a global designer and shipbuilder of specialized vessels, for North Star, the UK’s offshore infrastructure support ves

about 3 years ago
Proman Stena Bulk hosts naming ceremony for methanol-fueled Stena Pro Marine
Methanol

Proman Stena Bulk hosts naming ceremony for methanol-fueled Stena Pro Marine

Proman Stena Bulk, the joint venture (JV) between tanker company Stena Bulk and methanol producer Proman, has held a naming ceremony for its second methanol-fueled tanker. The naming ceremony for the 49,900 DWT tanker Stena Pro Marine was held at the port of New Orleans on October 24, 2023. Speaking

about 3 years ago
Lemso vessels
Methanol

‘Industry’s first’ methanol-powered sustainable shipping fund unveiled

ProMarine AG, an investment advisor for the financing of the maritime energy transition, has launched what has been described as the’ industry-first sustainable shipping fund’ with an initial portfolio of four methanol-fueled MR tankers led by methanol producer Proman and shipping company Stena Bulk

about 3 years ago
Zhoushan Xinya Shipbuilding Maersk
Methanol

Maersk seals world’s 1st methanol dual-fuel conversion project with Chinese shipbuilder

Danish container shipping heavyweight Maersk has signed its first methanol dual-fuel conversion project with Chinese shipbuilder Zhoushan Xinya Shipbuilding Co. The momentous deal, inked during a special ceremony held on October 18, 2023, signifies the inception of the world’s maiden containership m

about 3 years ago
Maersk
Methanol

Maersk adds Swiss renewable methanol producer to its low-carbon fuel portfolio

Maersk Growth, the venture arm of Danish shipping giant A.P. Moller-Maersk, has added Switzerland-based cleantech and engineering company Methanology AG to its low-carbon fuel portfolio. Methanology focuses on developing technologies capable of producing large quantities of renewable methanol using

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Methanol

Mittal: Shipowners need to start locking in long-term supply of green fuels

In order to catch up with the ambitions of decarbonization targets for the maritime industry, shipowners are being encouraged to start proactively securing long-term contracts for green fuels from serious players as the availability of these fuels is likely to be restricted amid demand from other se

about 3 years ago
ClassNK
Methanol

ClassNK: 80 million gt of zero-emission ships needed annually by 2040 to meet IMO targets

The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco

about 3 years ago
Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers
Methanol

Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers

Athenian Sea Carriers, a Greek shipping company, has exercised options for the construction of four eco-chemical tankers at the Chinese shipbuilding company Wuchang Shipbuilding Industry Group. These vessels, with a deadweight of 18,500 tons (dwt), are set to meet the highest environmental standards

about 3 years ago