Interest in methanol instead gasoline has grown within the delivery business, which seeks to attain net-zero emissions by 2050.
Below is an inventory of upcoming methanol bunkering-related initiatives by corporations and ports:
COMPANIES:
A.P. Moller-Maersk
Maersk obtained the world’s first methanol-enabled container ship in July. It has 24 extra such vessels on order to assist it to attain its aim of utilizing low-emission fuels to move 1 / 4 of its volumes by 2030.
HD Hyundai Heavy Industries expects to construct a dozen extra such vessels, that are 16,000 TEU (twenty-foot equal) in dimension, for 2024 supply, whereas six 17,000-TEU ships are deliberate for 2025 supply.
Maersk on the finish of June stated it had ordered six 9,000-TEU vessels to be constructed by Yangzijiang Shipbuilding Group for supply between 2026 and 2027.
CMA CGM
CMA has ordered no less than 18 methanol-fueled vessels. It ordered six 15,000 TEU containers from China State Shipbuilding Corporation (CSSC) final June, with supply deliberate for 2025, and one other 12 such vessels in April this yr, as a part of a document $3 billion cope with CSSC.
COSCO Shipping Holdings
The firm ordered 12 methanol-powered 24,000 TEU ships final October, value almost $2.9 billion, that can be delivered between the third quarter of 2026 and the third quarter of 2028. In June, the Chinese field ship large added 4 extra 16,000-TEU ships to be inbuilt Yangzhou.
In August, it took supply of methanol-ready Green Kotka, a multi-purpose 68,000-tonne pulp provider constructed by Dalian COSCO KHI Ship Engineering Co. Ltd.
HMM Company Limited
Nine 9,000-TEU dual-fuelled methanol ships can be delivered to HMM between 2025 and 2026. They can be constructed at Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding & Construction (HJSC) within the port of Yeongnam.
Stena Bulk
The tanker firm partnered with methanol producer Proman and accomplished its first U.S. Gulf Coast barge-to-ship methanol bunkering at Houston port in April. Proman expects to obtain the final two of six methanol-fueled chemical tankers it ordered by end-2023.
Hafnia Ltd
Hafnia ordered 4 49,800 deadweight dual-fueled methanol chemical tankers to be constructed in Guangzhou, China. Three of the 4 vessels can be delivered in 2025, and the fourth in 2026.
X-Press Feeders
The firm will procure inexperienced methanol from OCI Hyfuels within the Port of Rotterdam for the previous’s first 14 dual-fuelled vessels arriving within the second quarter of 2024.
Eastaway, a part of X-Press Feeders, additionally commissioned eight 1,170-TEU container ships that can possible begin operations end-2024, and added six extra 1,250-TEU container vessels to be delivered between 2025 and 2026.
PORTS:
China
COSCO, CMA CGM and Shanghai International Port Group (SIPG) 600018.SS inked a memorandum of understanding (MoU) in April to obtain, provide and ship inexperienced methanol gasoline at main ports in China. In March, Maersk signed an MoU with SIPG to discover inexperienced methanol bunkering for its container vessels in 2024.
Singapore
Singapore accomplished its first inexperienced methanol bunkering operation in July on a Maersk container ship. The mission was a joint collaboration between Maersk, Hong Lam Marine, American Bureau of Shipping, Mitsui & Co., OCI Global, Stellar Shipmanagement, Vopak Terminals, and Singapore’s Maritime and Port Authority.
Melbourne
The port in April signed an MoU with Maersk, Svitzer Australia, CMA-CGM subsidiary ANL, Stolthaven Terminals, in addition to gasoline producers HAMR Energy and ABEL Energy, to discover the industrial feasibility of building a inexperienced methanol bunkering hub in Australia’s largest container port.
Sweden
The port of Gothenburg in January accomplished the world’s first ship-to-ship methanol bunkering on Stena Germanica, the world’s first methanol-powered ferry. The port will crew up with Inter Terminals Sweden (ITS) to develop a methanol storage facility by end-2023.
Egypt
Alexandria National Refining and Petrochemicals (ANRPC) signed a $450 million settlement in May with Norway’s Scatec to provide Egypt’s first inexperienced methanol.
(Reuters – Reporting by Carman Chew and Jeslyn Lerh; enhancing by Barbara Lewis)
