MPC Container Ships will use methanol fueled containerships to open up one in every of northern Europe’s first inexperienced corridors for carbon impartial transportation.
Oslo-headquartered MPC Container Ships ASA has joined the rising checklist of shipowners opting to order alternate-fueled newbuildings. It has positioned an order with Chinese shipbuilder Taizhou Sanfu Ship Engineering for 2 carbon-neutral 1,300 TEU containerships powered by dual-fuel engines that allow operation on methanol in addition to typical MGO. In addition to a sophisticated hull design, optimized for financial crusing speeds, the methanol-fueled ships function a number of onboard options contributing to the vessels’ total effectivity together with shore energy connection, battery packs, shaft mills and twisted edge flap rudders.
The vessels will function on 15-year time charters to North Sea Container Line AS (NCL), backed by CoAs (contracts of affreightment from varied events, together with a 15-year CoA with Norwegian industrial group Elkem ASA, which has a 40% possession stake in NCL.
The contract value of $39 million per vessel is roofed by the contracted money flows from the 15-year time constitution with NCL at an preliminary charge of about EUR 16,300/day (about $16.000/day), earlier than inflationary adjustment mechanisms.
The undertaking has been supported by NOK 60 million (about $5.95 million) from the Norwegian NOX fund and NOK 13.7 million (about $1.35 million) in funding from by Norway’s Enova program.
The vessel proudly owning entities might be majority owned by MPCC (90.1%) along with Topeka MPC Maritime AS (9.9%), a three way partnership between Topeka Holding AS (a zero emission delivery firm owned by Wilhelmsen Group) and MPC Capital AG.
Technical administration might be by Wilhelmsen Ahrenkiel Ship Management.
GREEN TRANSPORTATION CORRIDOR
“I am excited to announce the order of two carbon-neutral newbuildings with long-term time charters,” stated MPC Container Ships CEO Constantin Baack. “Together with our partners NCL and Elkem, this project allows us to set up a green transportation corridor in Northern Europe, proving our ability to identify and execute on opportunities that are accretive whilst allowing us to make the right move towards a further decarbonization of the fleet. It also demonstrates that we can meet ambitious environmental goals by joining forces with like-minded partners and we are looking forward to facilitating a green container shipping supply chain along the Norwegian coastline.”
Elkem, which is without doubt one of the world’s most environmentally-friendly producers of silicon-based supplies, says that the 2 newbuild ships will substitute three of NCL’s present diesel-powered vessels, which might be phased out from operations.
“Our operations require a significant amount of transport across the value chain, including sea transport as the most climate-friendly mode of transport for bulk goods,” stated Elkem CEO Helge Aasen. “These state-of-the-art vessels will further increase our efficiency through increased capacity and can potentially cut net CO2-emissions from 45 % up to 100% through the use of green methanol. This contract with NCL and the innovative newbuilding project with MPC Container Ships ASA is a great example of how operational excellence and sustainability can go hand in hand.” says Elkem’s CEO, Helge Aasen.
Law agency Watson Farley & Williams (WFW) suggested MPC Container Ships on the order for the 2 methanol-fueled vessels. The agency’s cross-border that suggested MPCC was led by maritime associate and Germany company companies group head Dr. Christian Finnern, supported by senior affiliate Peter Graß and affiliate Marc Großmann. They labored carefully all through the transaction with London companions Robert Platt and Charles Buss.
“We very pleased to have once again advised MPCC on an important deal with regards to the decarbonization of the maritime industry,” stated Finnern. “This innovative project will play a significant role in the creation of one of northern Europe’s first green corridors for carbon neutral transportation. That MPCC opted for WFW to assist them again highlights our standing as the ‘go to’ law firm for sustainable shipping expertise.”
