3678 results found for 'methanol'

3678 results found for 'methanol'
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  • Proman adds two more methanol-powered ships to its newbuilding tally

    30 June 2021
    Business & Finance, Environment, Rules & Regulation, Vessels

    Switzerland-based Proman has finalised an agreement to build two additional 49,900 dwt methanol dual-fuel MR tankers, bringing its total investment to six methanol-powered newbuildings. Proman, which is the world’s second-largest methanol producer, will be the sole owner of the Provident and Progressive, alongside the Promise which is due to be delivered in the third quarter of […]

  • Longship orders methanol-ready ships from Atlas Shipyard

    18 January 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Dutch shipping company Longship has ordered four ultra-low-emission ships from Atlas Shipyard in Turkey. The design of the 8,600 dwt vessels has been developed together with Dutch naval architect Ankerbeer BV. As informed, the vessel design is compliant with the EU Stage V standards applicable to non-road mobile machinery (NRMM).  The ships will feature a diesel-electric […]

  • MOL Wins Newbuilding Charter Contract

    19 February 2014
    Business & Finance

    Mitsui O.S.K. Lines, Ltd. has received a newbuilding charter contract for two methanol carriers from Atlantic Methanol Production Company LLC (AMPCO) based on an offer tendered in 2013. The vessels will be built at Minaminippon Shipbuilding Co., Ltd. and engaged in methanol transport for AMPCO. The ships will operate under a long-term charter and the […]

  • Climeon’s heat recovery tech picked for Maersk’s methanol-fueled boxships

    1 August 2023
    Business Developments & Projects, Equipment, Technology, Vessels

    Swedish company Climeon has been contracted to provide waste heat recovery technology for methanol-powered containerships owned by Danish Shipping giant A.P. Moller Maersk.

  • CMES inks LoI for construction of methanol-powered car carriers

    5 December 2022
    Business & Finance, Business Developments & Projects, Green Marine, Vessels

    State-run shipping giant China Merchants Energy Shipping (CMES) revealed earlier today that it has signed a Letter of Intent (LoI) for the construction of up to six dual-fuel methanol-powered Pure Car and Truck Carriers (PCTC). The deal, signed with China Merchants Industry Holdings, stipulates the construction of two firm plus four optional 9,000 CEU vessels. Under the terms […]

  • Bill Gates-backed Blue World Technologies targets maritime with its methanol fuel cells

    8 December 2022
    Business & Finance, Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Technology, Transition, Vessels

    The Danish fuel cell manufacturer Blue World Technologies is readying to start series production of a fuel cell-based auxiliary power unit (APU) system running on methanol intended for the maritime market. The company wants its fuel cells to replace conventional diesel generators for power supply on board ships. Danish developer of high-temperature proton exchange membrane […]

  • Maersk’s Christiansen: It will be the end of decade before we can see some scaling-up of ammonia

    23 November 2022
    Business & Finance, Business Developments & Projects

    Morten Bo Christiansen, Vice President of Decarbonization for AP Moller Maersk shares his views on the challenges concerning uptake of ammonia and why methanol is the best solution for Maersk right now. He added that Maersk is evaluating over 30 projects aimed at developing green fuels.

  • Maersk ups the ante with order for six more methanol-powered containerships

    26 June 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Danish container shipping heavyweight A.P. Moller – Maersk (Maersk) has placed an order for six mid-sized container vessels with Yangzijiang Shipbuilding Group. The company said that the six 9,000 TEU vessels will all have dual-fuel engines able to operate on green methanol and fuel oil. The ships are slated for delivery in 2026 and 2027. […]

  • Maersk reveals 10,000 job cuts amidst profit plunge and industry’s ‘new normal’

    3 November 2023

    Danish container shipping giant A.P. Moller-Maersk unveiled this morning a further downturn in both profit and revenue, resulting in a decision to cut 10,000 jobs as a response to the ongoing challenges of declining freight rates and lackluster demand within the container shipping industry. Despite these challenges, Maersk affirmed its full-year guidance for revenue and […]

  • Repair yard shortage puts maritime energy transition at risk

    10 October 2023
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels, Vision

    A shortage of repair yards with experience in conversions may hinder the take up of alternative fuel technology by the existing fleet, according to the findings from LR’s new Engine Retrofit Report. The report has identified that retrofitting a significant number of the 9,000 and 12,900 large merchant vessels estimated to be part of the […]

  • Maersk to study feasibility of green fuels bunkering in Oman

    6 December 2022
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    Danish container shipping major Maersk is resuming its partnership-building strategy aimed at securing the supply of green fuels for its new ships. Namely, the company has signed a Memorandum of Cooperation (MoC) with the Alternative Energy (AE) business unit of OQ, a global integrated energy company based in Oman, Asyad Group and Japan’s Sumitomo. According […]

  • Proman Stena Bulk JV orders 3rd methanol-powered tanker

    10 November 2020
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Transition, Vessels

    Switzerland-based Proman Stena Bulk Ltd has finalized an agreement to build an additional vessel under its joint venture partnership.

  • Cortus Energy, Glocal Green plan production of renewable methanol for shipping

    3 June 2022
    Business Developments & Projects, Collaboration, Outlook & Strategy, Technology, Transition, Vision

    Swedish green technology company Cortus Energy has entered into a term sheet with the Norwegian company Glocal Green AS after completing technical verification of gasification of forest residues for the production of renewable methanol for shipping.

  • Svitzer takes design of world’s first methanol fuel cell tug to next phase

    17 August 2023
    Business Developments & Projects, Green Marine, Infrastructure, Research & Development, Vessels

    Towage operator Svitzer, part of A.P. Moller – Maersk, has launched the second phase of its project to design the world’s first methanol hybrid fuel cell (MHFC) tug. In the first phase, Svitzer conducted technical studies to establish the feasibility of this type of vessel accommodating the real-world operation requirement of a tug. Now, the project […]

  • Uniper, Liberty Pier Maritime & SDC set up Green Methanol Cooperation

    11 March 2021
    Business & Finance, Collaboration, Environment, Outlook & Strategy, Transition

    Germany’s Uniper has teamed up with shipping service provider Liberty Pier Maritime Projects and the engineering firm Ship Design & Consult (SDC) to establish green methanol on the market as a sustainable marine fuel. The three companies have formed an open collaboration — the Green Methanol Cooperation (GMC). The GMC aims to develop the infrastructure […]

  • NEOT inks charter deal for Terntank’s wind/methanol-ready tankers

    15 March 2023
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Transition, Vessels

    North European Oil Trade (NEOT), a Finland-based group specializing in oil and bioproducts sale in the Nordic countries, has signed a charter agreement with Terntank for the shipping company’s two wind/methanol-ready hybrid tankers. Swedish shipping company Terntank placed an order for two plus two new wind assistance and methanol-ready tankers back in November 2022. The vessels are […]

  • Counting the cost of going green: The steep price of switching to e-methanol

    30 March 2023
    Business & Finance, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    The adoption of alternative, low-carbon fuels in the shipping industry is one of the key aspects of achieving the goal of mitigating the impact of international maritime trade on air pollution and the emission of greenhouse gas. Cost is a particularly important consideration, as the adoption of new fuels can come with a higher price […]

  • Maersk issues 1st green bond to finance methanol-powered newbuilds

    19 November 2021
    Business & Finance, Business Developments & Projects, Environment, Infrastructure, Outlook & Strategy, Transition, Vessels

    Danish container shipping and logistics giant A.P. Moller – Maersk has placed its inaugural €500 million ($567 million) green bond to fund the construction of its first feeder vessel and the series of 8 large ocean-going containerships which will be capable of operating on carbon-neutral methanol.

  • Port of Antwerp Moves Towards Becoming Carbon-Neutral

    26 March 2019

    Port of Antwerp unveils project aimed at producing sustainable methanol at the port.

  • Hafnia reports best-ever quarterly results, invests in methanol project

    28 August 2020
    Business & Finance

    Denmark-based shipping company Hafnia has posted a net profit of $97.7 million for the second quarter of the year, claiming the best quarterly result in the company’s history despite uncertainties caused by COVID-19. The company’s net profit for the first six months amounted to $ 174.8 million with a total dividend of $ 77.2 million. ” […]

  • MAN to develop methanol retrofit solutions for medium-speed marine engines

    19 July 2023
    Business Developments & Projects, Collaboration, Green Marine, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition

    MAN Energy Solutions is about to start developing retrofit solutions for medium-speed marine engines as part of a research association including WTZ Roßlau gGmbh and TU-Darmstadt. The three-year research project, ‘CliNeR-ECo’, is funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK) with initial work having already commenced at the beginning of […]

  • Converting boxships to methanol & ammonia is feasible and cost-effective, report says

    28 September 2022
    Green Marine, Outlook & Strategy, Research & Development, Transition, Vessels

    Converting containership vessels to alternative fuels is technically and economically feasible, Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping said citing findings of a new report. As the industry moves to decarbonize its fleet, numerous questions remain to be answered on the best pathways for shipowners given the uncertainty in relation to the future fuel landscape. […]

  • HS Orka, H2V team up on green hydrogen and methanol project

    9 August 2021
    Business Developments & Projects, Collaboration, Infrastructure, Market Outlooks, Outlook & Strategy, Transition

    Icelandic power company HS Orka and UK-based joint venture Hydrogen Ventures Limited (H2V) have revealed plans to develop a production plant for green methanol using green hydrogen to power the marine sector.

  • Canada: MAN Inks LoI with Waterfront Shipping for Use of ME-LGI Engines

    12 July 2013

    On 1 July, 2013, MAN Diesel & Turbo announced the development of a new ME-LGI dual fuel engine. The engine expands the company’s dual-fuel portfolio, enabling the use of more sustainable fuels such as methanol and Liquefied Petroleum Gas (LPG). MAN has now signed a Letter of Intent with Vancouver-based Waterfront Shipping for the use of […]

  • Proman Stena Bulk JV Orders First Methanol Tankers in China

    20 November 2019

    Each vessel will use an estimated 12,500 mt/year of methanol.