Danube Shipping Co (UDP) is seeking financial support to retrofit its fleet of inland push boats with alternative-fuel propulsion in a €90M (US$107.7M) project
UDP has signed a letter of intent with Belgian engine manufacturer Anglo-Belgian Corp (ABC) to upgrade up to 33 push boats operating in Ukraine with dual-fuel engines able to burn alternative fuels from diesel, such as methanol and hydrogen, complying with Europe Stage V emission requirements.
UDP will prolong the life of its ageing assets and expand its operations to the higher Danube and possibly the Rhine rivers. These vessels and barges transport cargo including containers, dry bulk, liquid fuels and large-scale equipment.
UDP intends to engage its Kiliya shipyard, in Odessa, Ukraine, to conduct relevant push boat repairs and engine retrofits by ABC engineers. UDP and ABC are seeking funding for this project of approximately €90M (US$107.7M).
Among possible financing scenarios, both parties consider engaging a targeted loan based on an intergovernmental agreement between Ukraine and Belgium, finance from the European Bank for Reconstruction and Development (EBRD) or a grant from the European Union.
Technologies for alternative fuels and dual-fuel engines will be discussed in depth during Riviera Maritime Media’s series of virtual webinars, forums, conferences and technology days in 2021 - use this link for more details of these virtual events and to register on the events page