The two methanol powered product tankers each boast a capacity of 50,000 dwt and will cost $50 million each.
The order shows the increasing significance of methanol as component in the ongoing drive for greener shipping practices and growing methanol demand as a marine fuel.
The dual-fuel technology allows the vessels to operate on both methanol and conventional fuels, offering operational flexibility while contributing to a tangible reduction in greenhouse gas emissions.
A similar contract was signed recently by Singapore-based tanker owner and operator Hafnia with GSI. Hafnia has ordered the construction of four 49,800 dwt dual-fuel methanol chemical MR tankers.
All four vessels are fixed via time charter to TotalEnergies shipping entity CSSA for a multi-year period. Three of these four vessels will be delivered in 2025, with the fourth delivered in 2026.
Copyright © 2023. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited.
![2023- NEW NEOPANAMAX LOCKS[54].jpg](https://www.seatrade-maritime.com/sites/seatrade-maritime.com/files/styles/article_related_thumb_standard/public/2023-%20NEW%20NEOPANAMAX%20LOCKS54.jpg?itok=oATJzXXa){kind=small}