Marinvest News

Lessons learned on designing, building & operating with methanol as fuel.Generally averse to technological risk, maritime professionals lean on lessons learned, when available, to make future decisions. According to Fredrik Stübner, Director Ship Management, Marinvest, his organization’s experience running ships on methanol can be instructive for others considering emission reductions technologies, and to this end he suggests:1. VESSEL DESIGN“For other shipowners considering methanol as fuel…

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.

Two new dual-fueled tankers capable of operation using clean-burning Methanol, Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard (HMD) by owners Marinvest and Waterfront Shipping.The Methanol Institute has welcomed the launch of the 49,000dwt product tankers.“The launch of the Mari Couva and Mari Kokako is a milestone for the acceptance of Methanol as a safe and reliable marine fuel that can meet IMO2020 regulations and create a pathway to lower carbon shipping,” said Greg Dolan, CEO, The Methanol Institute.“The fact that the new ships feature more efficient engines capable of achieving IMO NOx Tier III compliance with no further modification demonstrates that this is a technology that is moving forward consistently…

Marinvest, the Swedish ship-management company, has announced that its ‘Mari Jone’ and ‘Mari Boyle’, two of the first vessels powered by dual-fuel ME-LGI (-Liquid Gas Injection Methanol) engines operating on methanol, have each passed 10,000 operating hours on the alternative fuel. Additionally, the company reports that its combined ME-LGI-powered fleet has passed a cumulative total of 50,000 operating hours on methanol.The two methanol tankers are managed on timecharters for Waterfront Shipping and operate globally…

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.

Heat transfer, separation and fluid handling technology specialist, Alfa Laval, has expanded its Test & Training Center in Aalborg, Denmark with a new gas testing facility. At the same time it continues developing new technologies in the areas of ballast water treatment, sulfur oxide emission control, touchscreen boiler control, fuel efficiency automation for inert-gas systems and methanol booster systems. Alfa Laval, a global provider of specialized products and engineering solutions based on the key technologies of heat transfer…

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. Launched at the Hyundai Mipo dockyard in Ulsan, South Korea, the newly built Lindanger has become the world’s first methanol fueled ocean-going vessel. The ship is the first of two dual-fueled 50,000 dwt tankers owned by Norwegian firm Westfal-Larsen that will be chartered to global marine transportation company Waterfront Shipping. With a MAN designed Hyundai–B&W 6G50ME-9.3 ME-LGI dual-fuel…

Mediterranean Shipping Company (MSC) has been acknowledged for its environmental efforts, picking up the top award for Greenest Ship of the Year at the International Green Shipping Awards. Held this week as part of a summit event in Rotterdam, the awards applaud those in the maritime industry who have introduced successful sustainability practices within their core business. MSC was shortlisted alongside UASC, Marinvest and d’Amico Shipping Group. Chief Sustainable Development Officer Dirk Vande Velde attended the event to collect the award. He said: “Winning this award is a great acknowledgment of the work which has been put in across the MSC business to ensure that we are operating our vessels in a more sustainable way.

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.

Launched at the Hyundai Mipo dockyard in Ulsan, South Korea, the newly built Lindanger is the world’s first methanol fueled ocean-going vessel. The ship is the first of two dual-fueled 50,000 dwt tankers owned by Norwegian firm Westfal-Larsen that will be chartered to global marine transportation company Waterfront Shipping. With a MAN designed Hyundai–B&W 6G50ME-9.3 ME-LGI dual-fuel, two-stroke engine on board, the Lindanger can run on methanol, fuel oil, marine diesel oil or gasoil. The Lindanger has been assigned the additional notation LFL FUELLED to demonstrate her compliance with the DNV GL rules for low flash point marine fuels.

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.

MAN Diesel & Turbo successfully demonstrated its ME-LGI concept engine in front of customers and partners at its Diesel Research Center in Copenhagen on March 17th, the company announced today. “A number of years ago we identified the need to develop an engine that could run on more environmentally-friendly, competitively-priced fuels as an alternative to MDO/MGO," said Vice President and Head of R&D, Søren H. Jensen. "We believe the ability of the ME-LGI engine to run on sulfur-free fuels offers great potential. Methanol carriers have already operated at sea for many years.

Often heralded as new shipping lane, Arctic shipments fall. Western sanctions on Russia are restricting the Arctic shipping route along its north coast to domestic cargoes and energy exports with many foreign firms staying away after test voyages on a fabled short-cut between Europe and Asia. A decline in foreign shipments on the Northern Sea Route (NSR) in 2014, interrupting gains in recent years as ice retreats, dims prospects for a shipping lane that is often seen as a rare positive side-effect of global warming. "We're ending the era of foreign demonstration voyages that were promoted by Russia. Now it seems that reality is kicking in…

Trident Alliance, the shipping industry initiative for robust enforcement of maritime sulphur regulations, broadens its platform as some of Germany’s and Denmark’s most prominent shipping companies join its ranks together with new members from Chile, Greece, The Netherlands, Sweden, Norway and Belgium. Roger Strevens, Chairman, is  delighted at the level of industry engagement: “We are just a few weeks away from what will be a sea-change in the regulatory landscape for shipping, namely the introduction of the 0.1 % sulphur limits in ECA zones on 1 January 2015. This brings membership to a total of 31 companies. The member company CEO’s have each signed a Statement of Commitment…

Vancouver-based Waterfront Shipping has confirmed its Methanol Carrier Project for a series of 50,000-dwt methanol carriers, each powered by an MAN B&W ME-LGI main engine running on methanol. The confirmation stems from a Letter of Intent MAN Diesel & Turbo and Waterfront signed in July of this year. MAN Diesel & Turbo officially designates the ME-LGI engine as ME-B9.3-LGI. In collaboration with leading shipping lines, Waterfront reports that it is behind the 2+1 × 6G50ME-LGI engines ordered by Westfal-Larsen, the 2+1 × 7S50ME-B9.3-LGI by Mitsui O.S.K. Lines (MOL), and the 1+1+1 × 6G50ME-LGI with Marinvest/Skagerack Invest. Hyundai Mipo Dockyard Co., Ltd.

At the 150th Annual Meeting of the Members of ABS, three industry leaders were elected to the ABS Council. Following the Annual Meeting, the ABS Council met and elected industry leaders to both its Marine and Offshore Technical Committees. Individuals serving on the ABS Council and the Technical Committees help guide the class society in fulfilling its mission of promoting the security of life, property and the natural environment. “Classification represents the concept of self-regulation for the marine and offshore industry,” said ABS President and CEO Christopher J. Wiernicki.

On the 15th of August M/T Marilee LR1 Ice Class 1A, successfully completed her first Northern Sea Route Passage, safely escorted by Rosatomflot's nuclear ice breaker Vaigach. The savings compared to a voyage through Suez were 18 days and 580 tons of bunker resulting in a significant cost benefit for the Charterer and reduced emissions. The M/T Mariann, sister vessel to Marilee, embarked mid September as the second vessel under Marinvest management, on her NSR passage for discharge in the Far East.

On the May 1, “Straits Tankers Pte Ltd”, a MOL and Hafnia Management strategic J/V set up in Singapore, will be ready to market 25 coated LR1’s, entered into the “Straits Tankers LR1 Pool”. The goal is to further utilize the fleet to flexibly meet diversifying needs of customers who will be serviced from the Straits Tankers offices in Singapore and Copenhagen, Denmark. The Pool consist of LR1 product tankers from Japanese shipowner MOL, Swedish shipowners Marinvest and Gotlandsbolaget and Danish shipowner Nordic Tankers.