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Four New Methanol-powered Ships to be Built by 2019, reports industry

A consortium of Waterfront Shipping Company, IINO Kaiun Kaisha, NYK Group, and Marinvest/Skagerack Invest have announced to make investment for building four new vessels to be powered by clean fuel.

The four new vessels weighing 49,000 dwt will be supplied in 2019 comprising MAN B&W ME-LGI 2-stroke dual fuel engines to be powered by marine diesel oil, fuel oil, gas oil, or methanol. The vessels will add to the existing fleet of seven methanol-powered ships chartered by the Waterfront Shipping Company.

New Vessels Equipped with ME-LGI Engine to Fit Environmental Considerations

The newer vessels are equipped with first of its kind dual fuel engines and have gained accolades from the marine industry for using clean methanol as an alternative fuel. The dual-fuel engine that was first used in 2016 has already been proven on seven vessels. The new order corroborates ME-LGI as a mature technology. The price of dual-fuel engine has dropped considerably since its entry into the market in 2016. ME-LGI is deemed for a promising future with its environmental credentials and convenience when powered with methanol.

The association between MAN Diesel & Turbo and the shipping partners has been rewarding towards advancement of sustainable clean marine technology. The fleet of seven methanol-powered ships have been running safely and reliably since 2016, and the new ships are expected to be benefitted from ongoing technological advances for optimizing performance and efficiency. Waterfront shipping company’s 40 percent fleet is expected to be fueled by methanol in 2019.

Methanol is a safe alternative marine fuel that can serve to meet existing and new environmental mandates laid by the International Maritime Organization.

Ganesh Rajput
Ganesh’s extensive experienced in the field of market research reflects in the way his articles offer readers sharp insights on the latest developments across major industry verticals. His forte lies in churning out analytical commentaries on the evolving nature of various consumer-oriented industries.

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