Seven newbuild 50,000 DWT vessels will be welcomed into the chartered Waterfront Shipping Company fleet in April 2016, all equipped with first-of-its kind MAN B&W ME-LGI 2stroke dual fuel engines that can run on methanol, fuel oil, marine diesel oil, or gas oil.
Two of the vessels are owned by WL, two vessels are jointly owned by Marinvest and WFS, and the remaining three vessels are owned by MOL. Waterfront Shipping will charter the seven vessels to replace older vessels and expand its fleet.
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. It is a biodegradable, clean-burning marine fuel that reduces smog-causing emissions such as particulates, sulphur oxides and nitrogen oxides.
Waterfront Shipping say that their choice to invest in methanol-based marine fuel reinforces their commitment to invest in sustainable technology that not only provides environmental benefits but also an economically viable alternative marine fuel.
They also revealed that the cost to build new and convert existing vessels to run on methanol is significantly less than alternate fuel conversions.
The first three vessels are being delivered in April, with the remaining four to be delivered by October 2016.
The traditional ship naming ceremony for two of the dual vessel vessels, owned by WL with the second as a joint venture with WFS/Marinvest, will take place in Korea on April 18; officially taking delivery on April 20 & 28.
According to Marinvest, their investment is very much aligned with their vision and leadership to supply safe and environmentally friendly transports.
MOL will take delivery of its dual-fuel vessel in Japan on April 22. They say that they are eagerly anticipating the delivery of our first vessel, installed with the first dual fuel engine in Japan.
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