MTMari Couva Photo politeness Methanex

Waterfront Shipping has actually invited the very first 2 ships in its brand-new course of second-generation methanol-fueled vessels.

The 2 ships, called M/T Mari Couva as well as M/T Mari Kokako, are the very first of 4 49,000 dwt vessels constructed with 2nd generation male B&W ME-LGIM 2 stroke dual-fuel engines that can operate on both methanol as well as traditional aquatic gas.

The vessels sign up with 7 existing methanol-fueled vessels currently hired by Waterfront Shipping, an entirely subsidiary of Vancouver- based Methanex Corporation.

According to Methanex, the 7 vessels have actually gone beyond greater than 50,000 operating hrs working on methanol in conformity with IMO 2020 exhausts guidelines. The 2 brand-new vessels, along with 2 added vessels to be provided by year-end, are likewise able to satisfy IMO Tier III exhausts requirements without the requirement for exhaust gas after therapy.

“We are very excited by the performance of our first seven methanol-fuelled vessels that have proven the safety and reliability of the technology. With this second generation of vessels, we will benefit from innovative technological advances that will continue to optimize performance and efficiency,” states Paul Hexter, President,Waterfront Shipping “On an energy-equivalent basis, methanol is cost competitive over energy price cycles and we see significant value creation opportunities from using a methanol flex-fuel engine. We are proud that approximately 40 percent of our fleet will be powered by methanol-fuel technology by the end of the year.”

“Our first two methanol-powered ships were delivered in 2016, and each now has more than 10,000 successful running hours on methanol with no issues that have resulted in off-hire or idle time,” states Patrik Mossberg, Chairman of Marinvest, which partnered with Methanex on the job as well as likewise takes care of the vessels. “It is important that we share our experiences and make the industry aware that methanol is a well-proven, simple-to-adopt solution offering compliance with IMO 2020 regulations and provides a pathway to meeting IMO 2030 and 2050 CO2 emission targets.”