Starting in April, Waterfront Shipping Company Ltd. Mitsui O.S.K. Lines, Ltd., Westfal-Larsen Management and Marinvest/Skagerack Invest are proud to welcome innovative, clean-burning, fuel-efficient vessels to the sea. These seven 50,000 dwt vessels are built with the first-of-its kind MAN B&W ME-LGI 2- stroke dual fuel engines that can run on methanol, fuel oil, marine diesel oil, or gas oil.
This groundbreaking ship technology will significantly reduce emissions while giving shipowners a viable, efficient and convenient fuel alternative. 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. Methanol is a biodegradable, clean-burning marine fuel that reduces smog-causing emissions such as particulates, sulphur oxides and nitrogen oxides.
Waterfront Shipping will charter the seven vessels to replace older vessels and expand its fleet. 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. The ships were built by Hyundai Mipo Dockyard and Minaminippon Shipbuilding Co., Ltd. The first three vessels are being delivered in April, with the remaining four to be delivered by October 2016.
– MAN developed these 2-stroke engines in response to interest from the shipping world to operate on alternatives to heavy fuel oil and meet increasingly stringent emissions regulations. To hedge the risk of fuel price volatility, the vessels can switch between fuels, and operate cost-effectively, states Ole Grøne Senior Vice President, Head of Marketing and Sales, MAN Diesel & Turbo.
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.