Methanex Corporation (TSX:MX) (NASDAQ:MEOH) and Japan’s Mitsui O.S.K. Lines Ltd. have reached an agreement that will see MOL pay $145 million for a 40% minority interest in Methanex’s Waterfront Shipping subsidiary. Vancouver,
A.P. Moller – Maersk has agreed a contract that will see Hyundai Mipo Dockyards build a 172 meter feeder vessel with a dual-fuel engine technology that will enable it to sail on
In another indication of growing interest in the use of methanol as a marine fuel, ClassNK has granted Sumitomo Heavy Industries Marine & Engineering Co., Ltd. an Approval in Principle (AiP) for
One of the world’s largest shipowners, Singapore-headquartered Eastern Pacific Shipping (EPS), is to retrofit a number of the existing vessels in its 15 million dwt fleet to burn methanol and ammonia fuels.
A.P. Moller – Maersk today announced that it will launch of the world’s first carbon-neutral liner vessel in 2023 – seven years ahead of its initial 2030-ambition. All future Maersk owned newbuildings
NYK Bulkship (Asia) Pte. Ltd., a Singapore based subsidiary of Japan’s NYK Group, has signed a long-term time charter contract with Waterfront Shipping Company Limited (WFS) for two newbuild chemical carriers. The
Proman Stena Bulk Ltd—a joint venture between Stena Bulk and Wollerau, Switzerland, based Proman Shipping—has finalized an agreement to build an additional methanol-fueled vessel To be named Stena Prosperous, it will initially
Shipowners A.P. Moller – Maersk and DFDS have joined a Danish partnership that plans to develop an industrial-scale production facility in the Copenhagen area to produce sustainable fuels for maritime, road and
Proman Stena Bulk Ltd has finalized an agreement with Guangzhou Shipyard International (GSI) in China to build two state of the art IMOIIMeMAX methanol-fuel ready 49,900 DWT vessels, with the first vessel
Mitsui O.S.K. Lines, Ltd. (MOL) is looking at synthetic methane as a fuel offering a possible path to meeting IMO GHG reduction targets. The Japanese shipping giant has joined the Carbon Capture