09 December 2013 18:20 [Source: ICIS news]
HOUSTON (ICIS)--Methanex’s shipping subsidiary has agreed to build as many as nine flex-fuel vessels, with six to be delivered in 2016, the Canada-based producer said on Monday.
Methanex’s release did not state the total cost of the vessels.
Methanol is a sulphur-free fuel. Tightening environmental regulations require that shippers use cleaner-burning fuels.
In July, Methanex announced that it would buy four methanol-fueled engines from MAN Diesel & Turbo in the summer of 2015.
According to the latest announcement, Waterfront will charter the flex-fuel vessels to replace older ships in its 18-vessel deep-sea fleet and to support increased demand from Methanex’s plan to move two methanol plants from Chile to Louisiana.
Three other companies will each own two of the new ships: Japan-based shipper Mitsui OSK Lines Ltd, which operates more than 900 vessels; Norway-based shipper Westfal-Larsen & Co A/S, which operates 12 vessels; and Marinvest/Skagerack Invest, an investment group that owns and manages product and chemical tankers.
The ships will be built by Hyundai Mipo Dockyard and Minaminippon Shipbuilding Co., Ltd.
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