First Methanol-Fueled Ships to Join the Market in April

first_imgzoom The first clean-burning, fuel-efficient vessels, equipped with the MAN B&W ME-LGI 2-stroke dual fuel engines that can run on methanol, fuel oil, marine diesel oil, or gas oil, will start joining the shipping market in April.Two out of a batch of seven 50,000 dwt ships will join their owners Westfal-Larsen Management (WL), and a joint venture with Waterfront Shipping Company (WFS) and Marinvest/Skagerack Invest (Marinvest) on April 20 and 28, respectively.The third dual-fuel vessel will be delivered to Mitsui O.S.K. Lines, Ltd. (MOL) in Japan on April 22.The remaining four 50,000 dwt methanol carriers are scheduled for delivery by October 2016.All ships, built by Hyundai Mipo Dockyard and Minaminippon Shipbuilding, will be chartered by WFS.“With the growing demand for cleaner marine fuel to meet environmental regulations, methanol is a promising alternative fuel for ships that can meet the industry’s increasingly stringent emissions regulations,” MAN Diesel & Turbo said.“Investing in methanol-based marine fuel reinforces our commitment to invest in sustainable technology that not only provides environmental benefits but also an economically viable alternative marine fuel. The cost to build new and convert existing vessels to run on methanol is significantly less than alternate fuel conversions,” Jone Hognestad, President, Waterfront Shipping, said.Out of the series of seven ships, two are owned by WL, another two are jointly owned by Marinvest and WFS, while the remaining three vessels are owned by MOL.MOL ordered the methanol carriers from Minaminippon Shipbuilding in mid-2015.last_img read more

Japanese special envoy holds talks with Prime Minister

The Japanese Prime Minister’s Special Advisor, Dr Hiroto Izumi, had talks with Prime Minister Ranil Wickremesinghe today.The Japanese Ambassador to Sri Lanka Akira Sugiyama and other Japanese officials also attended the meeting. He also said that an LNG terminal will be built in Sri Lanka with Japanese assistance and under the Greater Kandy Urban Development Plan, the City of Kandy will be developed with an aim to preserve the landscape and attract tourists, in line of the master plan developed for the City of Kyoto, Japan. “East Container Terminal of the Colombo South Harbour will remain under the ownership of Sri Lanka while there will be a joint venture with the partnership of Sri Lanka, India and Japan to manage the terminal. The Bandaranaike International Airport expansion project will also receive Japanese assistance. The Light Railway Transit (LRT) project is now underway,” Prime Minister Wickremesinghe said after the meeting. The Prime Minister’s Office said that during the meeting the two sides also discussed the freedom of navigation in the Indian Ocean.Minister’s Mangala Samarweera, Ravi Karunanayake, Malik Samarawickrema, Kabir Hashim and Sagala Ratnayake were among those who attended the talks. (Colombo Gazette) read more