German China India

Methanol-Fueled Vessels

Consortium Invests in Ocean-Going Vessels Fueled By Methanol

| Editor: Alexander Stark

Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui & Co., Ltd. (Mitsui), and the NYK Group (NYK) announced their investment in four new ocean-going vessels powered by methanol fuel.
Gallery: 1 image
Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui & Co., Ltd. (Mitsui), and the NYK Group (NYK) announced their investment in four new ocean-going vessels powered by methanol fuel. (Source: Methanex)

A consortium consisting of Waterfront Shipping Company (WFS), Marinvest/Skagerack Invest, IINO Kaiun Kaisha, Mitsui, and the NYK Group announced their investment in four new ocean-going vessels powered by clean-burning methanol fuel.

Vancouver/Canada — The vessels will join the existing seven methanol-fueled vessels chartered by WFS. In 2016, WFS, Marinvest, Mitsui O.S.K. Lines, and Westfal-Larsen Management announced the delivery of these seven fuel-efficient ocean-going vessels to the sea.

The four additional 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.

René Sejer Laursen, Promotion Manager, MAN Diesel & Turbo, commented that since this dual-fuel engine entered the market in 2016, its price has dropped considerably, which would make it an even more attractive propulsion option.

Methanex stated in a press release that methanol was a promising alternative marine fuel that could meet new and existing environmental regulations from the International Maritime Organization (IMO) that require vessels to decrease emissions of sulphur oxide and nitrogen oxides. By using methanol rather than conventional marine fuel, the vessels produce fewer emissions than conventional vessels.

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.

Amec Foster Wheeler to Supply Auxiliary Boiler for Yuhuang Chemical's Methanol Facility

USA: Methanol Plant

Amec Foster Wheeler to Supply Auxiliary Boiler for Yuhuang Chemical's Methanol Facility

02/02/2017 - Amec Foster Wheeler's Global Power Group (GPG) has been awarded a contract from Yuhuang Chemical, a US based subsidiary of Shandong Yuhuang Chemical Company, for the supply of an auxiliary boiler for its methanol facility currently under construction in Louisiana. read...

Comments are being loaded ....

Leave a comment

The comment is checked by an editor and will be released soon.

  1. Avatar
    Avatar
    Edited by at
    Edited by at
    1. Avatar
      Avatar
      Edited by at
      Edited by at

Comments are being loaded ....

Report comment

Kommentar Freigeben

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

Freigabe entfernen

Der untenstehende Text wird an den Kommentator gesendet, falls dieser eine Email-hinterlegt hat.

copyright

This article is protected by copyright. You want to use it for your own purpose? Contact us via: support.vogel.de/ (ID: 45147972 / Oil & Gas)