Waterfront Shipping Company News

South Korea's Hyundai Mipo Dockyard has delivered the dual-fuel methanol carrier Capilano Sun, Japanese Mitsui O.S.K. Lines, (MOL) has informed.MOL said that the vessel, which can run on either heavy oil or methanol fuel, would be chartered from Hisafuku Kisen K.K., and then, Canada-based Waterfront Shipping Company (WFS) will charter the vessel from MOL under a long-term contract.Including Capilano Sun, MOL operates 18 methanol carriers. It also operates four of the 13 methanol dual-fuel tankers in service around the world.Per MOL…

On May 10, 2021, the methanol-dual fueled chemical tanker Takaroa Sun, owned by NYK Bulkship (Asia) Pte. Ltd. participated in what is touted as the world’s first barge-to-ship bunkering of methanol fuel. The bunkering of methanol fuel was conducted in Rotterdam port under the leadership of the charterer Waterfront Shipping Company Limited, together with the cooperation of the Port of Rotterdam, Royal Vopak N.V., and TankMatch B.V.Methanol fuel produces up to 15% less carbon emissions during combustion than conventional fuel oil and reduces sulfur oxide (SOx) emissions by approximately 99%.

NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore, signed a long-term time charter contract with Waterfront Shipping Company Limited (WFS) for two newly built chemical carriers, each equipped with a dual-fuel engine that enables the vessels to be powered not only by marine fuel oil but also methanol.Planned for 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.

When the clock strikes midnight on December 31, 2019, the maritime world enters a bold new era of emission reduction. With its growing fleet of methanol fueled ship and more than 60,000 hours of operating experience under its belt, Waterfront Shipping Company has a five-year headstart.As a general rule, shipowners are remiss to share insights on their operations, lest their competitors catch wind and leverage the same technology and savings. The case of Waterfront Shipping Company Ltd.

A top hostage negotiator, the CEO of a company which supplies environmental products to ship owners and operators and the heads of two maritime technology firms are all part of an impressive line-up of speakers scheduled to speak at the 2019 Women’s International Shipping & Trading Association (WISTA) AGM & Conference which takes place next week from Tuesday, October 29, to Friday, November 1. The four-day event is being hosted by WISTA Cayman Islands and is expected to bring over 200 maritime experts from 30-plus countries.

Nippon Yusen Kaisha (NYK Group) has taken delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine tech that allows the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative established to support environment-friendly projects.Takaroa Sun was built with the MAN Energy Solutions second-generation B&W ME-LGIM two-stroke dual-fuel engine that runs on both methanol and conventional marine fuel.

The marine transportation company Waterfront Shipping Company has added two new innovative, clean-burning vessels, M/T Mari Couva and M/T Mari Kokako, to its fleet.Both 49,000 dwt vessels are built with the second generation of MAN B&W ME-LGIM two stroke dual-fuel engines that can run on both methanol and conventional marine fuels, said the wholly owned subsidiary of Methanex Corporation.The vessels join the seven existing methanol-fueled vessels chartered by Waterfront Shipping that have received accolades from the marine industry for their use of methanol as an alternative fuel.These existing vessels have surpassed more than 50,000…

Four new vessels powered by methanol fuel will be built in Korea following investment from maritime industry stakeholders Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui & Co., Ltd. (Mitsui) and the NYK Group (NYK). The four 49,000 dead weight tonne newbuilds will be built at Hyundai Mipo Dockyard for delivery in 2019. They will be powered by MAN B&W ME-LGI two-stroke dual-fuel engines that can run on methanol, fuel oil, marine diesel oil or gas oil.

Starting on April 18, Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), Westfal-Larsen Management (WL), and Mitsui O.S.K. Lines, Ltd. (MOL) attended the traditional ship naming ceremonies and took delivery of the first Korean and Japanese built methanol-fueled ocean tankers, the Lindanger, Mari Jone and Taranaki Sun. Hyundai Mipo Dockyard hosted the Korean ship naming ceremony, while Minaminippon Shipbuilding Co., Ltd. hosted the Japanese ceremony; where all three of these 50,000 dead weight tonne vessels were built.

Starting in April, Waterfront Shipping Company Ltd. (WFS), Mitsui O.S.K. Lines, Ltd. (MOL), Westfal-Larsen Management (WL), and Marinvest/Skagerack Invest (Marinvest) will welcome innovative, clean-burning, fuel-efficient vessels to the sea. These seven 50,000 dead weight tonne 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 ship technology will significantly reduce emissions while giving ship owners a viable, efficient and convenient fuel alternative.

DNV GL has conducted a risk assessment “hazard identification study (HAZID)” on a series of three methanol-fuelled tankers for owner Mitsui O.S.K. Lines and shipyard Minami Nippon Shipbuilding in Japan. As these are the vessels with a flex fuelled low speed diesel engine using methanol and/or heavy fuel oil, DNV GL was asked to participate in the project for its expertise in the low flash point fuel including methanol and LNG. “We’re working closely with all parties to make design improvements and safety recommendations early in the design phase…