Helm Ag News

The Methanol Institute has welcomed the findings of the MethaShip research project which has concluded that renewable Methanol offers a long term solution for the industry’s ambitious carbon emission reduction strategy.The MethaShip partners found that Methanol can offer a dramatic improvement in emissions reduction across multiple ship types once the IMO has established the statutory framework conditions necessary for an industry-wide reduction of CO2 emissions.“The whole shipping sector is facing major challenges with ever stricter emission regulations for ships, paired with a growing environmental awareness among ship owners and passengers alike,” says MethaShip Project Leader Daniel Sahnen of MEYER WERFT.

Mitsui O.S.K. Lines, Ltd. (MOL) says it has signed a contract with Methanol Holdings (Trinidad) Limited (MHTL) to build and charter four methanol carriers. MOL consider that the new contracts will play an essential part in MOL's strategy to strengthen long-term business, as well as enabling the company to renew its methanol fleet by replacing older vessels with ships featuring the most advanced designs. Global demand for methanol is expected to grow and MOL will continue expanding its services to meet the needs of a broad range of customers…