Swiss Methanol Producer Orders Two More Methanol-Fueled Tankers

Swiss-based methanol producer Proman has announce plans to build two additional methanol-powered tankers, bringing its total number on order to six.

The 49,900 DWT dual-fuel MR tankers will be constructed at Guangzhou Shipyard International (GSI) shipyard in China with deliveries expected in Q4 2023.

The latest vessels add to four methanol-powered tankers already on order at GSI, including three that will be jointly own through a 50-50 joint venture with Stena Bulk, with deliveries planned in 2022. The two vessels announced this week will be solely owned by Proman along with the previously ordered MT Promise, which is due to be delivered in Q3 2022.

The vessels will trade globally for shipping chemicals and clean petroleum products. All six will built to the same IMOIIMeMAX design and equipped with MAN B&W 6G50ME-C9.6 MW Tier III engines. They will also feature the latest energy efficiency technology, including continually controlled combustion, optimized tuning, redesigned and aerodynamic hull lines, and an energy shaft generator, helping to reduce fuel consumption.

Proman says the vessels will use approximately 12,500 tonnes per annum of methanol fuel each using widely available ‘grey’ methanol produced from natural gas. Greenhouse gas (GHG) emissions from normal commercial operations will be significantly reduced compared to conventional marine fuels, including the virtual elimination of sulphur and particulate matter, 60% reduction of nitrogen oxide and 10-15% cut in carbon dioxide, the company says.

“Methanol has huge potential to bridge the gap from fossil to fully renewable fuels, with its clean-burning and biodegradable qualities making it particularly attractive as a marine fuel,” said David Cassidy, Chief Executive of Proman. “As the second largest global methanol producer, which we transport to all major bunkering ports, alongside our growing investment in green methanol production and vessel ownership, Proman has a presence at every part of the clean shipping value chain.”

“By making these vessels available on the global market, we hope to encourage others to join us on this important journey towards reducing emissions from the international shipping sector,” Cassidy said.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up