• 2020 December 1 16:18

    NYK concludes long-term charter agreement for two methanol-fueled chemical tankers

    NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, has signed a long-term time charter contract with Waterfront Shipping Company Limited (WFS) for two newly built chemical carriers, the company said in its release. The new ships will each be equipped with a dual-fuel engine that enables the vessels to be powered not only by marine fuel oil but also methanol, which is a clean-burning, eco-friendly fuel. After delivery from the Hyundai Mipo Dockyard (Korea) in 2022, the vessels will be delivered to WFS, a wholly owned subsidiary of Methanex Corporation, the world’s largest producer and supplier of methanol. Both vessels will be managed by the NYK Group company NYK Shipmanagement Pte. Ltd (NYKSM).

    The dual-fuel engine for the new ships will be an eco-friendly engine that reduces sulphur oxides (SOx) by approximately 99 percent, in addition to reductions to particulate matter (PM) and nitrogen oxides (NOx). This environmental specification enables the vessels to meet important environmental regulations of international shipping, such as SOx Global Cap regulations set by the International Maritime Organization (IMO).

    Subsequent to the first such ship delivered in 2019, the new ships will be the second and third methanol carriers under management of NYKSM to be equipped with dual fuel engines. The NYK Group will further accumulate know-how on the management of methanol carriers and utilize it to contribute to eco-friendly transportation.

    The NYK Group will continue to secure business with stable freight rates through long-term contracts and contribute to realizing a sustainable society that will make use of technology that can reduce negative impacts on the environment. Also, in accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green,” the NYK Group has incorporated environmental, social, and governance (ESG) criteria in the company’s business strategies, and seeks to enhance the company’s corporate value as well as contribute to sustainable development of society through business activities.

    Waterfront Shipping Company Limited (WFS)

    Waterfront Shipping, a wholly owned subsidiary of Methanex Corporation, is a global marine transportation company specializing in the safe, responsible and reliable transport of bulk chemicals and clean petroleum products to major international markets in North America, Asia Pacific, Europe and Latin America. Waterfront Shipping operates the world's largest methanol ocean tanker fleet with its fleet comprising vessels from 3,000 to 50,000 dwt. Its fleet of modern, deep sea tankers forms a seamless transportation network dedicated to keeping an uninterrupted flow of methanol moving to storage terminals and customers' plant sites around the world.

     




2021 January 25

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13:55 90% of ships cleared by Baltic Customs in 2020 went through commission-free procedure
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12:13 Chinese ports container throughput increases by 1.2% to 264.3 million TEU in 2020
11:38 Calls at ports of Sakhalin, Kurils and Kamchatka in 2020 grew by 4.4%
11:04 Panama Canal signs MoUs with Panama Ports Company and PSA Panama International Terminal to optimize supply routes for COVID-19 vaccine distribution
10:47 MABUX: Bunker market this morning, Jan 25, 2021
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2021 January 24

16:37 Boluda Towage acquires Dutch Towage & Salvage Company Iskes
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13:42 Contract awards within Renewable Energy and Subsea
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2021 January 23

16:31 DNV GL awards AIP to KSOE for wing sail propulsion system
15:23 Boomsma Shipping installs and sails off with two eConowind Flatrack VentiFoils
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2021 January 22

18:00 Rosmorport's icebreaker Mudyug starts providing icebreaking assistance in the Baltic Sea
17:36 Andrey Lavrishchev appointed as head of Federal Marine and River Transport Agency
17:13 Aleksandr Poshivay appointed as Deputy Minister of Transport of the Russian Federation
16:34 Rosmorport starts providing geodesic and hydrographic services in the water area of Petropavlovsk-Kamchatsky seaport
16:05 APM Terminals Gothenburg offers certified climate impact calculations to customers
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14:03 Jan De Nul adds two new vessels to its fleet
13:45 DHT Holdings announces acquisition of two VLCCs
13:29 Iridium partner MetOcean Telematics provides SaR buoys to the USCG
12:52 Havyard develops hydrogen zero-emission vessels in new segment
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11:30 Rosmorport successfully completed formation of Ultramar terminal’s water area
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2021 January 21

18:07 Port of Houston awarded new start for Ship Channel