Yangzijiang Secures Contract to Build 6 Methanol Dual-Fuel Vessels for Maersk
06.27.2023 By TankTerminals.com News - NEWS

June 27, 2023 [Singapore Business Review]- The six vessels will replace currency capacity within Maersk’s fleet.


Yangzijiang Shipbuilding has secured a contract to build six 9,000TEU methanol dual-fuel container ships from A.P. Moller (Maersk), the group’s first order win for methanol dual-fuel container ships.

“These vessels will strategically replace the current capacity within Maersk’s fleet, which is in line with our ongoing efforts to support the maritime industry’s green fleet renewal trend, said Ren Letian, executive chairman and CEO of Yangzijiang Shipbuilding.

The six vessels will be fully constructed in-house and due for delivery between 2026 and 2027, Yangzijiang said in a bourse filing.

Yangzijiang hailed green methanol’s sustainable properties. It is reported to be able to reduce nitrogen oxide (NOx) by approximately 45% and sulphur oxide (SOx) by approximately 8% compared to conventional fuels per unit energy, according to the International Maritime Organisation (IMO).

Following the regulatory changes by the IMO, the shipping industry is on an accelerated decarbonisation trajectory, noted Letian.

“On that basis, we are optimistic in gaining further grounds in the near term,” Letian said.

Pro Trial: Access 12,600 Tank Terminal and Production Facilities

12,600 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Russia’s Novatek Reaches Vysotsk LNG Production Milestone
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- Russian LNG exporter Novatek has reached a new production milesto... Read More
US Weekly LNG Exports Down to 21 Shipments
09.29.2023 - NEWS
September 29, 2023 [LNG Prime]- US liquefied natural gas (LNG) exports declined in the week endin... Read More
Seapath and Pilot LNG Joint Venture to Develop First Dedicated LNG Bunkering Facility in U.S. Gulf Coast
09.29.2023 - NEWS
September 29, 2023 [Pilot]- JV will develop, construct, and operate a terminal in the Galveston B... Read More
Oil Prices Rise As Crude Oil Inventories Build, Products Fall
09.29.2023 - NEWS
September 29, 2023 [Oil Price]- The American Petroleum Institute (API) has reported a build of 1.... Read More