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Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard.<\/p>\n The vessels will add to WFS\u2019s existing fleet of 11 methanol-fuelled ships, which have been recognized by the marine industry for their use of clean-burning methanol as a lower emission fuel.\u00a0 <\/p>\n The eight, 49,999 deadweight tonne vessels are slated for delivery between 2021 and 2023. Designed with the MAN second-generation B&W ME-LGIM two-stroke dual-fuel engines, the vessels can run on methanol or traditional marine fuels allowing for fuel flexibility. <\/p>\n “Having surpassed more than 90,000 combined operating hours, the vessels have proven methanol as a viable marine fuel solution; it\u2019s compliant with the most stringent emissions regulations without the need for exhaust gas after-treatment and meets IMO Tier III NOx emissions standards. As a marine fuel, methanol also reduces in-sector CO2<\/sub>\u00a0emissions by up to 15% when compared to conventional marine fuels,<\/em>” Waterfront Shipping said.<\/p>\n The deal is being carried out in partnership with Marinvest\/Skagerack Invest (Marinvest), Nippon Yusen Kaisha (NYK), Meiji Shipping Co., (Meiji Shipping), KSS Line and Mitsui O.S.K. Lines (MOL).<\/p>\n \t\t\t<\/a><\/p>\n \u201cWe are proud that approximately 60 percent of our 30-ship fleet will be powered by lower emission, methanol-fuel technology upon delivery of this latest order,\u201d <\/em>said\u00a0Paul Hexter, <\/strong>President, Waterfront Shipping Ltd.\u00a0<\/p>\n \u201cHaving operated methanol-fuelled vessels for over four years now, we know that methanol is a practical, cost-competitive and safe marine fuel for the commercial shipping industry in the post-IMO 2020 marketplace.”<\/em><\/p>\n Methanol is one of the world\u2019s most\u00a0widely\u00a0traded chemicals<\/a>, according to the World’s Top Chemical Tanker Trade Routes 2019, and is readily available at almost 90 of the top 100 ports worldwide. <\/p>\n As a liquid fuel, established bunkering infrastructure for traditional marine fuels can easily be converted to use methanol. The IMO estimates that methanol will be “\u00a0the<\/a>\u00a0fourth most significant\u00a0marine\u00a0fuel used\u00a0and is\u00a0growing.\u201d<\/a>\u00a0 <\/em><\/p>\n Waterfront Shipping operates a fleet of 30 deep-sea tankers.<\/p>\n The post Waterfront Shipping orders 8 methanol dual-fuel ships from Hyundai Mipo Dockyard<\/a> appeared first on Offshore Energy<\/a>.<\/p>\n world maritime news<\/p>\n","protected":false},"excerpt":{"rendered":" Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard. M\/T Mari Couva Methanol Dual Fuel Vessel; Image by Waterfront Shipping The vessels will add to WFS\u2019s existing fleet of 11 methanol-fuelled ships, which have been recognized …<\/p>\n","protected":false},"author":1,"featured_media":22384,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[4255,3309,168,3856,2563,1501,62,1241,5209],"class_list":["post-22383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news","tag-dockyard","tag-dualfuel","tag-hyundai","tag-methanol","tag-mipo","tag-orders","tag-shipping","tag-ships","tag-waterfront"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/22383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=22383"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/22383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/22384"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=22383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=22383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=22383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n\t\t\t
\n\t\t\t\tNYK Welcomes Its First Methanol-Fueled Ship
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