In Singapore, TFG Marine, a marine fuel joint venture founded by Trafigura, Frontline, and Golden Ocean, has signed a long-term time charter agreement with Consort Bunkers for four newbuild methanol carriage-ready bunker tankers. The 6,500-dwt IMO type 2 tankers are being built by Merchants Jinling shipyard in Nanjing, China. Operated by Consort Bunkers for TFG […]
In Korea, Business Korea reports the shipbuilding industry is experiencing a significant shift, with a rising preference for liquified natural gas (LNG) dual-fuel container ships over methanol-powered vessels. According to Clarkson Research, the first half of this year saw orders for 40 LNG dual-fuel container ships, double the 20 methanol dual-fuel ships ordered. This is […]
In the UK, Energy Digital reported that Saudi Aramco Total Refining and Petrochemical Company (SATORP), a collaboration between Saudi Aramco and TotalEnergies, has secured a 20-year agreement with Chemanol, a Saudi methanol chemicals company. Under the terms of the deal, Chemanol will supply 100,000 metric tons of methanol annually for SATORP’s Amiral project, a petrochemical […]
In Switzerland, Nova Marine Group and Algoma Central Corporation have announced an order for the world’s largest and most eco-friendly cement carrier. The 38,000 dwt vessel will be built in China and delivered by the end of 2026. This groundbreaking vessel, part of the NovaAlgoma joint venture, will be equipped with a dual-fuel system capable […]
In the Netherlands, X-Press Feeders has started Europe’s first scheduled feeder network in which the vessels are powered by green methanol, a sustainable marine fuel that reduces greenhouse gas emissions by up to 65%. The industry milestone coincided with today’s naming and christening ceremony in Rotterdam of X-Press Feeders’ first dual-fuel methanol-powered vessel. The newly […]
In Estonia, SRC Group and GREEN MARINE will develop and market SRC’s Methanol Superstorage, using SPS Technology’s Sandwich Plate System, which increases shipboard tank volumes by 85%. This technology eliminates the need for traditional cofferdams, optimizing space and efficiency on vessels, mitigating methanol’s lower energy density compared to conventional heavy fuel oil. GREEN MARINE, know […]
In Denmark, Green Marine Fuels Trading announced a strategic collaboration with Royal Vopak Terminals to secure port storage facilities for green methanol in key Chinese ports, Shanghai Caojing and Tianjin Lingang. The collaboration aims to accommodate the projected supply of green methanol from Chinese partners, ensuring the necessary storage capacity is in place. Green Marine […]
In Finland, Offshore Energy reports shipbuilder Meyer Turku has delivered Mein Schiff 7, a methanol-ready cruise ship, to German cruise line TUI Cruises. The delivery ceremony for the 111,500 GT newbuilding took place on June 10, 2024. Mein Schiff 7 is the seventh ship in the Mein Schiff series and the first with methanol capability […]
In Australia, Vast Renewables Limited has received planning consent for Solar Methanol 1 (SM1), a concentrated solar thermal powered (CSP) methanol plant in Port Augusta, South Australia. The facility will produce 7,500 tonnes of green methanol annually, aimed at decarbonizing the shipping industry. SM1 is a collaboration with Mabanaft GmbH & Co. KG, combining proven […]
In Switzerland, researchers at ETH Zurich have engineered bacteria in the laboratory to efficiently use methanol. The metabolism of these bacteria can now be tapped into to produce valuable products currently made by the chemical industry from fossil fuels. Bacteria that feed on methanol, known as methylotrophs, are at the centre of these efforts. Containing […]
