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Evergreen Marine bets billions on methanol fueling

marinesalvage by marinesalvage
November 10, 2023
in News
0
Evergreen Marine ship
Evergreen Marine ship

Evergreen Marine says it goals to be carbon-neutral by 2050, if the methanol fueling its simply ordered newbuilds is inexperienced that can assist it get there. [Image: Evergreen Marine Corporation]

In a transfer that positions it to displace Hapag-LLoyd because the world’s fifth largest field ship operator Taiwan’s Evergreen Marine Corporation is betting billions on methanol-fueling, putting orders for twenty-four methanol twin fueled 16,000 TEU containerships, break up between two Asian shipyards. At 16,000 TEU, the ships are bigger than something Evergreen Marine Asia currently lists in its fleet, the biggest of which are available at 8,508 TEU.

The orders speed up the pattern to methanol a marine gas seen within the newest figures from DNV’s Alternative Fuels Insight (AFI) platform, which confirmed that the 55 vessels with various gas propulsion ordered in June included 26 for LNG fueled vessels and 29 for methanol powered vessels (together with retrofits).

The orders had been disclosed in two Taiwan Stock Exchange bulletins filed July 11 that stated not more than the minimal required. In them, Evergreen introduced that its Singapore-based Evergreen Marine Asia subsidiary has ordered 16 x 16,000 TEU methanol twin gas containerships from Samsung Heavy Industries at a price of between $2,880 million and three,360 million and an additional 8 of the identical capability from Japan’s Nihon Shipyard Co. Ltd. at a price of between $1,440 million and $1,680 billion.

That places Evergreen Marine’s guess on methanol at a minimal of $4.24 billion. The filings made no point out of when the vessels could be delivered, or whether or not the methanol could be inexperienced.

On its web site Evergreen states that “In looking to the future, Evergreen will continue to implement various environmental protection measures across its operations, periodically report its emission inventory, and monitor the progress of its carbon reduction efforts, with an aim to reach carbon neutral operation by 2050. If there are further advances in shipping technology and clean energy development in the future, Evergreen will also be committed to achieving its vision of realizing zero carbon emissions.”

Source of This New

Tags: Evergreen MarineEvergreen Marine AsiaHapag-Lloydmethanol as a marine fuelmethanol fuelingNihon ShipyardSamsung Heavy Industries
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