ONE confirms order for twelve methanol dual-fuel 13K TEU containerships

Singapore-based shipping company Ocean Network Express (ONE) has confirmed the order for twelve 13,000 TEU methanol dual-fuel containerships at Jiangnan Shipyard and Yangzijiang Shipbuilding.

As informed, each shipyard will build six vessels. The ships will have dual-fuel methanol propulsion and are all scheduled to be delivered from 2027. 

In November last year, Intermodal Shipbrokers revealed that the shipowner signed shipbuilding contracts for twelve vessels with Chinese yards.

According to ONE, this significant milestone represents ONE’s inaugural fleet of methanol-dual fuel vessels and plays a key role in reaching ONE’s sustainable goals as part of the Green Strategy. 

In the current maritime and sustainability landscape, methanol is anticipated to hold significant potential for emission reduction. Moreover, these vessels will include technologies such as optimized hull form, waste heat recovery systems and bow windshield.

Furthermore, selected vessels will be equipped with an air lubrication system and shaft generator to help with exploring potential enhancements in fuel efficiency and the reduction of greenhouse gas (GHG) emissions.

These innovations are expected to help accelerate ONE’s decarbonization efforts and ensure compliance is in line with regulations in the shipping industry.

“Our decision to invest in methanol-dual fuel vessels aligns with ONE’s Green Strategy as part of our key initiatives. Upcoming new fleet is pivotal in achieving our goal of deploying the first alternative fuel ships by 2030 and marks a significant milestone in our journey towards a greener and more sustainable maritime industry,” Jeremy Nixon, CEO of ONE commented.

ONE Green Strategy has an ambitious target to achieve net-zero GHG emissions, encompassing Scope 2 and 3, by 2050. 

To achieve the target, the transition from conventional fuel to alternative fuels is defined as ONE’s key pillar of Green initiatives, and it is consistent with Operational Efficiency, Green Investment, and Alternative fuels.