Waterfront Shipping Company (WFS), Marinvest, IINO, Mitsui and the NYK Group are to build four new ocean-going vessels powered by clean-burning methanol fuel.
These four 49,000 dwt vessels will be delivered in 2019 and built with MAN B&W ME-LGI two-stroke dual-fuel engines that can run on methanol, fuel oil, marine diesel oil or gas oil.
The vessels will join the existing seven methanol-fuelled vessels chartered by WFS, which were delivered in 2016. These innovative vessels are built with the first-of-its kind MAN B&W ME-LGI two-stroke dual fuel engines.
“We are very happy to be working with Waterfront Shipping again on this innovative technology. With seven engines already in operation and proven in the field, this new order confirms the ME-LGI concept as a mature technology. Since this dual-fuel engine entered the market in 2016, its price has dropped considerably, which makes it an even more attractive propulsion option. Allied with its environmental credentials and convenience of use when employing methanol as a fuel, we are confident the ME-LGI will continue its promising progress,” states MAN Diesel & Turbo promotion manager René Sejer Laursen.
The four new vessels will be built in Korea at Hyundai Mipo Dockyard, where several of the first generation of methanol-fuelled vessels were built. WFS will charter the four vessels to replace older vessels and support growing demand for methanol around the world. Two of the vessels will be owned in a joint venture between WFS and Marinvest, one will be owned by NYK and the fourth will be owned in a joint venture between IINO and Mitsui.
“We have been very pleased by the performance of the vessels delivered in 2016 and excited to be investing in another two. Our overall focus in the development of the dual-fuel system concept has been safety and engine reliability. We have found the technology for handling methanol is well developed and offers a safe dual-fuel solution for low-flashpoint liquid fuels”, stated Marinvest chairman Patrik Mossberg.