Vancouver, B.C., based Methanex Corporation and Mitsui O.S.K. Lines, Ltd. (MOL) report that the dual-fuel vessel Cajun Sun has successfully completed the first-ever net-zero voyage fueled by bio-methanol. The Cajun Sun, operated
Clean Sea Transport has acquired 100% of the shares in Marinvest AB and its managed fleet of five modern dual-fuel methanol carriers and four LR1 ice class 1A product tankers. The methanol
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,
Advocates of methanol as a marine fuel argue that it offers much the same advantages as LNG, but with fewer complications. Helping to underscore this, the world’s first barge-to-ship bunkering of methanol
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
Tokyo headquartered Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a 49,000 dwt methanol-fueled methanol carrier funded through NYK’s green financing initiative (see earlier story). Built by South Korean
DECEMBER 27, 2018 — Japan’s Nippon Yusen Kabushiki Kaisha (NYK) is to receive 2 billion yen (about $18 million) from Taiyo Life Insurance Company as a green loan to finance the building
FEBRUARY 14, 2018 — South Korean shipbuilder Hyundai Mipo Dockyard is to build four more methanol fueled ships. The 49,000 dwt vessels will be delivered in 2019 and will be powered by
APRIL 27, 2016 — Vancouver, Canada, headquartered Methanex — the world’s largest producer and supplier of methanol —reports that this month marks one year since its subsidiuary, Waterfront Shipping (WFS), began welcoming
