X-Press Feeders' first dual-fuel ship, Eco Maestro. Photo courtesy X-Press Feeders
Evergreen Marine Corporation, one of the world’s largest container shipping companies, has signed a memorandum of agreement with X-Press Feeders to place its containers on X-Press Feeders’ new green methanol dual fuel vessels operating in Europe.
X-Press Feeders is the world’s largest independent common carrier and 14th largest shipping line, according to Alphaliner.
This agreement also includes plans to develop a feeder network, marking the first of its kind in Europe to be powered by green methanol. Initially, these vessels will be based at the Port of Rotterdam, covering ports in the Baltic Sea and Scandinavia.
Ultimately, the 14 dual fuel ships that X-Press Feeders has on order for delivery from 2024 Q2 through mid-2026 will be operated within Europe and the Mediterranean.
X-Press Feeders has already secured a contract with Dutch fuel supplier OCI Global for the supply of ISCC-EU certified green methanol, also known as bio-methanol. This renewable fuel is produced from the decomposition of organic waste and residues.
The move to use green methanol-powered dual-fuel vessels reflects X-Press Feeders’ commitment to reducing its greenhouse gas emissions by 20% by 2035, 50% by 2040, and achieving net-zero emissions by 2050.
Francis Goh, X-Press Feeders’ Chief Operating Officer, stressed the need for immediate action to achieve these emission reduction targets.
“Our two companies are encouraging port operators, fuel suppliers, logistics companies, freight-forwarders and beneficial cargo owners (BCOs), etc to join us on the path to more sustainable shipping. By working together, step by step, we can achieve so much more,” said Goh.
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