[ID] => 9238
[post_author] => 34
[post_date] => 2018-02-23 10:21:39
[post_date_gmt] => 2018-02-23 10:21:39
[post_content] => Waterfront Shipping (WFS), a wholly owned subsidiary of leading methanol producer Methanex and a leading operator of dedicated methanol carriers, has ordered four additional 49,000-dwt tankers for delivery in 2019.
The contract, placed in collaboration with Marinvest and Skagerack Invest, Iino Kaiun Kaisha, Mitsui & Co and MYK, follows on from seven similar tankers delivered in 2016. Those ships featured the innovative ME-LGI two-stroke dual-fuel engines developed by MAN B&W, which use methanol as an alternative fuel to regular marine bunkers. The partners have again gone to MAN B&W for the latest newbuildings.
“Since this dual-fuel engine entered the market in 2016, its price has dropped considerably, which makes it an even more attractive propulsion option,” says René Sejer Laursen, promotion manager at MAN Diesel & Turbo. “Allied with its environmental credentials and convenience of use when employing methanol as a fuel, we are confident the ME-LGI will continue its promising progress.”
As a safe, biodegradable and clean-burning fuel, methanol is a promising alternative marine fuel that can meet new and existing environmental regulations from the International Maritime Organisation (IMO) that require vessels to decrease emissions of sulphur oxide and nitrogen oxides. By using methanol rather than conventional marine fuel, the vessels produce significantly fewer emissions than conventional vessels.
CONTINUE THE QUALITY
The four new vessels will be built in South Korea at Hyundai Mipo Dockyard, where several of the first generation of methanol-fuelled 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 & Co.
“We have been very pleased by the performance of the vessels delivered in 2016 and excited to be investing in another two,” says Patrik Mossberg, chairman of Marinvest. “Our overall focus in the development of the dual-fuel system concept has been safety and engine reliability. We have found the technology for handling methanol is well developed and offers a safe dual-fuel solution for low-flashpoint liquid fuels.”
Ryuichi Osonoe, director and managing executive officer of Iino, adds: “With the growing demand for cleaner marine fuels to meet more stringent emission regulations, we’re seeking ways to reduce our environmental footprint. Investing in the next generation of fuels is one way we’ll continue to meet regulations while maintaining the efficiency of our operations.”
“It’s been great working with MAN and our shipping partners who are as committed as we are in advancing sustainable clean marine technology says Paul Hexter, president of Waterfront Shipping. “Our seven methanol-fuelled vessels have been operating safely and reliably since 2016, and we expect these new vessels to benefit from ongoing technological advances that will continue to optimise performance and efficiency. We are proud to see 40 per cent of our fleet powered by methanol-fuel technology in the coming year.”
WFS currently operates the world’s largest oceangoing fleet of methanol carriers, with 28 modern tankers ranging from 3,000 dwt to 50,000 dwt.
[post_title] => Methanol: Cover the Waterfront
[post_status] => publish
[comment_status] => open
[ping_status] => open
[post_name] => methanol-cover-waterfront
[post_modified] => 2018-02-23 10:21:53
[post_modified_gmt] => 2018-02-23 10:21:53
[post_parent] => 0
[guid] => https://www.hcblive.com/?p=9238
[menu_order] => 0
[post_type] => post
[comment_count] => 0
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Methanol: Cover the Waterfront
Waterfront Shipping is adding to its dedicated tanker fleet, using advances in engine design developed by MAN B&W to enable to use of cleaner fuel