Yantai’s dual-fuel methanol WTIV design receives ABS approval

In a significant development for the renewable energy sector, ABS, a leading classification society, has awarded approval in principle (AIP) to Yantai CIMC Raffles Offshore Ltd., a renowned Chinese shipbuilding company, for their groundbreaking design of a dual-fuel methanol offshore wind turbine installation vessel (WTIV). The cutting-edge WTIV is meticulously engineered to facilitate the transportation

A collaboration between 2 climate companies to use low-carbon methanol

M2X Energy, a startup company with a proprietary process technology that converts stranded gas into low-carbon methanol, and Element 1 Corp, a global leader in advanced hydrogen generation systems for the fuel cell industry, announced today that they are conducting a joint research and development program to explore the use of M2X low-carbon methanol as

Danaos adds two methanol-ready container ships

Danaos Corporation has contracted with Chinese shipbuilder Yangzijiang Shipbuilding to construct two 8,258 TEU container ships that are prepared for methanol fuel. The addition of these new vessels will bring Danaos’s total number of ships under construction at the Yangzijiang shipyard to four, with deliveries anticipated for the latter half of 2026 and theinitial quarter

Smyril Line orders two methanol-powered RoRo ships

Smyril Line announced that a contract has been made with the CIMC Raffles shipyard in China to build two new methanol-ready cargo ships for the company. The new cargo ships will join Smyril Line’s current network, and they are planned to start sailing in 2026. The ships are designed for optimal year-round seaworthiness in the

Maritime industry favours methanol-powered vessels in 2024

The maritime industry’s fervor for alternative fuels shows no signs of abating as we enter 2024. According to data from DNV-Maritime, since the beginning of the year, 23 methanol-fueled ships have been to the Alternative Fuels for Shipping Index (AFI) database. The ordering has been dominated by the containership sector solidifying the sector’s momentum toward

Chinese researchers develop new method to convert coal into protein using methanol

Chinese researchers have managed to convert coal into protein using methanol obtained from this mineral. The process promises to offer a low-cost solution to the increasing demand for animal feed due to the increase in world population. The efficiency of this method compared to natural plant cultivation and its potential to significantly reduce dependence on

Ulsan port completes first ship-to-ship methanol bunkering

The world’s first ship-to-ship methanol bunkering for a very large containership, the Maersk Ane, has been carried out in Ulsan port. Maersk’s first 16,200 teu methanol-fuelled newbuilding successfully completed a ship-to-ship bunkering on green methanol in the South Korean port after leaving HD Hyundai Heavy Industries shipyard in Ulsan where it was constructed. Ahead of

Clean energy growth gives ammonia and methanol export trades the green light

The role of alternative fuels in powering the low-carbon economy will dramatically increase volumes of renewable ammonia, outstripping growing volumes of renewable methanol. In a new Foresight article*, Maritime Strategies International predicts that the next 25 years are likely to see ammonia trade transformed with clean ammonia providing new demand for close to 400 very

M2X and SCGC work together to streamline production of methanol

In Florida, M2X Energy, a startup company with process technology that converts stranded natural gas into low-carbon methanol, and SCG Chemicals (SCGC), a petrochemicals company that is committed to developing sustainable chemicals and clean energy solutions, have strengthened their existing relationship by announcing a joint development program to optimize key chemical transformations within M2X’s modular

Bahri takes two methanol tankers on charter

Saudi Arabia’s flagship carrier Bahri has penned a long-term deal with Swiss methanol producer and tanker owner Proman to charter in two of its methanol-powered ships. The company’s chemical arm has taken the Guangzhou Shipyard International 2023-built 49,900 dwt MRs Stena Provident and Stena Progressive on hire for five years. The vessels are the final