Tsuneishi Shipbuilding bags order for four methanol boxships

Japanese shipbuilder Tsuneishi Shipbuilding has received an order for four methanol-fueled 5,900 TEU containerships. This is the third order for methanol-fueled vessels following the KAMSARMAX AEROLINE and TESS66 AEROLINE, and the first order for a methanol-fueled container carrier. Recently, the shipbuilder has been contracted to provide two 81,200 dwt methanol dual-fuel Kamsarmax dry bulk newbuilds

COSCO developing methanol as a future fuel

China’s state-owned shipping behemoths are going hard after methanol as a future fuel. To this end, COSCO, the world’s largest shipowner, has teamed with three other state-run firms – State Power Investment Corporation Limited (SPIC), Shanghai International Port Group (SIPG), and China Certification & Inspection Group (CCIC) – to develop a green methanol industrial chain

CMA CGM, Maersk join forces to accelerate the decarbonization

A.P. Moller – Maersk A/S (Maersk) and CMA CGM have decided to join forces on several areas relating to decarbonization, in full compliance with all laws and regulations. As frontrunners of the energy transition in shipping, both companies are convinced that joint action will help accelerating the green transition in shipping, learning from each other

CMES places order for methanol-fuelled VLCC

China Merchants Energy Shipping (CMES) has placed an order for the world’s first methanol dual-fuel very large crude carrier. CMES said in August that it would be ordering a methanol dual-fuel VLCC at Dalian Shipbuilding Industry Co (DSIC). The ordered ship will have a 306,000 dwt and cost around $107.5m, an exceptionally cheap price given

Maersk taps Equinor to supply fuel for its landmark green boxship

Danish liner giant Maersk has struck a deal with Norwegian energy major Equinor for the supply of green methanol for its first methanol-fuelled 2,100 teu feeder vessel into the first half of 2024. Equinor has a methanol plant at Tjeldbergodden in mid-Norway and is already an established player in Europe, with ambitions “to be a

JP Morgan adds more methanol dual-fuel tankers

JP Morgan has added to its methanol-powered product carrier orderbook in China with two more ships at Guangzhou Shipyard International (GSI), according to broking reports. Greek shipbroker Intermodal has placed the US banking giant behind the order for two 50,000 dwt units costing $50m each. The deal brings the total number of methanol dual-fuel MR

Maersk’s methanol ship makes maiden refuelling

The port of Rotterdam has for the first time refuelled a methanol-powered container ship as the shipping industry turns to the technology to cut its emissions, methanol producer OCI Global said. The Maersk-owned (MAERSKb.CO) ship began its 21,500 km (13,359 mile) journey to Copenhagen from South Korea’s Hyundai Mipo Dockyard on July 10. It also

CMES readies methanol-fuelled VLCC order

China Merchants Energy Shipping (CMES) is gearing up to order the world’s first methanol dual-fuel very large crude carrier. The board of the Shanghai-listed energy transport unit of China Merchants Group has unanimously approved the construction of one vessel costing $107.5m. The vessel will be built at Dalian Shipbuilding Industry Co (DSIC) for delivery by

Svitzer working on world’s first methanol hybrid fuel cell tugboat

The hybrid tug developed by Svitzer, a Denmark-based towage provider, part of the giant A.P Moller-Maersk, claims to be better even than the most recent all-electric tugboats. The reason behind that is simple. Just like with any other type of vehicle, hybrid propulsion improves endurance compared to purely electric systems. It doesn’t have an official

Wallenius Wilhelmsen orders dozen methanol-fuelled newbuilds

Norwegian car carrier operator Wallenius Wilhelmsen has lined up up to 12 9,350 ceu vessels for construction in China which will be capable of running on methanol and ammonia-ready. The Oslo-listed company has signed a letter of intent with Jinling Shipyard Jiangsu for delivery of four firm ships from mid-2026, with options for an additional