The first-ever cargo ship powered by Green Methanol embarks on debut journey

According to a report by Fast Company, the first-ever cargo ship running on green methanol has started its maiden journey this week. The methanol used to power the ship is made from methane captured from food waste at landfills. The owner of the ship, Maersk, has pledged to only buy new ships that can use

LR identifies stumbling blocks for widespread adoption of methanol as marine fuel

As the shipping industry is seeing increased interest in methanol as a marine fuel, a new report from Lloyd’s Register (LR) has found pricing, availability and carbon accounting to be the main obstacles to its widespread adoption. The report called “Fuel for Thought: Methanol” has identifed that the main challenges for the industry’s adoption of

Methanol Retrofit Solutions to be Developed for Medium-Speed Marine Engines

The three-year research project, ‘CliNeR-ECo’, is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK) with initial work having already commenced at the beginning of 2023. CliNeR-ECo aims to develop concepts for diverse, medium-speed, marine engines that will enable the retrofitting of entire ship fleets at reasonable economic and technical costs.

Evergreen Marine confirms deal for 24 new methanol-fuel container ships

The tender, estimated at over US$5 billion (NT$155 billion), or around US$200 million (NT$6.2 billion) per vessel, will see 16 of the 16,000 TEU vessels constructed by Samsung Heavy Industries in South Korea. The remaining eight vessels will be the responsibility of Japan’s Nihon Shipyard, which is a joint-venture company owned by the Japan Marine

REC Ltd to invest in a big way in renewables

REC, a subsidiary of Power Finance Corp., plans to expand its lending in the renewable energy space to Rs 2.4 lakh crore by 2030, says its director-technical, VK Singh. While land and grid availability can be challenging for developing new green energy projects, policies of the government and support from states have been encouraging. India

India Aims To Achieve 100 MT Coal Gasification Target By 2030

The Ministry of Coal has set a target to achieve coal gasification of 100 Million Tonne (MT) coal by FY 2030 reflecting the government’s commitment to harnessing the power of coal gasification. With the introduction of this ambitious proposal, Coal Ministry aims to propel the nation’s progress.  The proposal incorporates a comprehensive set of measures

Evergreen to overtake Hapag-Lloyd as it orders 24 dual fuelled ships

In filings to the Taiwan Stock Exchange last night, the Taiwanese liner operator said that its Singapore-registered subsidiary, Evergreen Marine (Asia) has ordered 16 of the ships from Samsung Heavy Industries in South Korea, while the other eight ships will be built by Japan’s Nihon Shipyard. EMC said that the total contract value ranges from

CCS grants 1st approval for ammonia and methanol valves in South Korea

As explained, the AiP certificate was issued by Busan Branch of CCS. The approval was granted for engineering firm PK Valve & Engineering from South Korea. General Manager Tao Xin said that the first AiP certificate of CCS in South Korea is the finishing touch of previous successful cooperation between CCS and PK Valve &

Esvagt and Ørsted seal deal on methanol-powered vessels

Esvagt and Ørsted have sealed a deal for a second methanol-powered service operation vessel (SOV). Esvagt is already building a 93-m-long SOV in Turkey, set to enter service by the end of 2024 at the world’s largest offshore wind farm, Hornsea 2, off the UK’s east coast. The second unit will be a sister vessel

India sends first consignment of methanol to Bangladesh

The export of methanol, which is less polluting alternative fuel than octane and diesel, has started from India to Bangladesh.