The Green Maritime Methanol project, formed by a consortium of major Dutch maritime companies, has selected nine ships for research on the use of methanol as marine fuel.
The Port of Antwerp will embark on an ambitious project on the sustainable production of methanol, followed by the introduction of a methanol-powered tug in the near future.
A consortium of major Dutch maritime companies has joined forces to look into the feasibility of using methanol as a sustainable alternative bunker fuel under the Green Maritime Methanol project.
Japan’s NYK has received a JPY2bn ($18m) loan from Taiyo Life Insurance Company to exclusively finance the construction of its first methanol-fuelled chemical tanker.
The use of methanol as a marine fuel has not yet widespread interest amongst the global shipping community seeking alternatives to high-sulphur fuel, as its use as a clean fuel is overshadowed by commonly known scrubbers, low-sulphur fuel oil and LNG.
An ISO standard is to be developed for methanol as a marine fuel as owners look to a variety of alrenatives to meet the International Maritime Organization's (IMO) 2020 0.5% sulphur cap.
Waterfront Shipping Co (WFS) has partnered with four other shipowners to order four 49,000 dwt vessels from Hyundai Mipo Dockyard (HMD) which can run on Methanol.
With less than three years away from the IMO Marpol Annex VI global 0.5% fuel sulphur rule, shipowners and operators are increasingly pressed for time to decide on which option they would choose to comply with the emissions reduction regulation.