Methanol and ammonia milestones steer the shipping industry toward a greener future

?? Welcome to the fifth edition of our newsletter! ??

Today, we dive into the exciting developments happening in the shipping industry as it embraces green fuels to propel the sector toward a more #sustainablefuture. From groundbreaking innovations to ambitious investments, the sector is undergoing a transformative shift.

Let's explore some recent key developments together:

1. Maersk's Green Methanol Containership:

马士基 has achieved a major milestone by deploying the world's first containership running on green #methanol. This innovative vessel represents a significant step in reducing #carbonemissions in the #shipping sector. It is part of Maersk's commitment to decarbonize its operations and contribute to a greener maritime industry.

2. Evergreen's Methanol-Fueled Containerships:

In line with the industry's transition towards #cleaner fuels, Evergreen has confirmed a massive $5 billion deal for 24 #methanol-fueled containerships. The construction deal has been divided between industry major Samsung Heavy Industries (SHI), and Nihon Shipyard, a joint venture between Japan Marine United Corporation (JMU)?and Imabari Shipbuilding Co., Ltd., which was established in 2021.

3. The Fuel Choice Conundrum:

As the shipping industry navigates the path to decarbonization, the choice of fuel has become a critical consideration. The jury is still out on the fuel choice for a series of twenty new vessels the Singapore-based container shipping major Ocean Network Express (ONE) has on order. Jeremy Nixon, CEO of Ocean Network Express, shares his views on what will be the deciding factors in the coming period on picking the right fuel and the investments the company will be making moving forward.

4. MAN ES's Ammonia Engine Test:

In a groundbreaking move, MAN Energy Solutions Solutions successfully completed the first #ammonia engine test. Ammonia is a promising zero-carbon fuel that could revolutionize the maritime industry. This successful test brings us closer to harnessing ammonia's potential as a sustainable energy source for ships, providing a greener future for maritime transport.

5. NYK's LPG Dual-Fuel Ammonia-Ready Vessel:

NYK has booked a new LPG dual-fuel ammonia-ready very large gas carrier (VLGC) at Kawasaki Heavy Industries (KHI). This innovative vessel design allows for the future conversion to #ammonia fuel, aligning with the industry's green transition.

By embracing green fuels like methanol and ammonia, #shipping companies are embracing their responsibility to contribute to a more sustainable future. As the world focuses on achieving ambitious #climate goals, the shipping industry plays a crucial role in the global #decarbonization efforts.

Stay tuned for more insights as we continue to cover the latest trends and advancements shaping the maritime landscape. You are also welcome to?read more news on our platform.

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