Danaos Shipping joins Methanol Institute

Greek shipping owner Danaos Shipping has become the newest member of the Methanol Institute (MI), a global trade association for the methanol industry.

MI is a community dedicated to knowledge sharing and experience building in the use of methanol as a safe, future-proof fuel. Founded in 1989 in Washington DC, MI now represents its members from five offices around the world in Singapore, Washington DC, Beijing, Brussels and Delhi.

“We are pleased to see another … influential shipowner and operator recognizing the potential that Methanol has as a marine fuel for today and tomorrow,” Methanol Institute CEO Greg Dolan noted.

Danaos is an international provider of seaborne transportation services and one of the world’s leading providers of containership operations. The company currently manages 71 container vessels ranging from 2,200 TEU to 13,100 TEU. Its goal is to provide service while focusing on the safety of its crew and the protection of the environment.

To meet this goal, Danaos continuously makes substantial investments in operational technical and financial infrastructure while striving for sustainable and environmentally friendly solutions.

The Greek firm views sustainability as an integral part of its corporate culture and an important regulator in decision making. Last year, Danaos revealed it has achieved 41.5 per cent reduction in CO2 emissions per ton-mile for the year 2019 compared with the base year 2008. With this in mind, the company managed to meet the International Maritime Organisation (IMO) 2030 carbon reduction targets eleven years ahead of schedule, Danaos stated.

“We are pleased to join the Methanol Institute as we look towards a future where clean fuels such as methanol are an integral part of our business,” Dimitrios Vastarouchas, Deputy Chief Operations Officer and Technical Director of Danaos concluded.