Waterfront Shipping Company Ltd., Mitsui O.S.K. Lines, Ltd., Westfal-Larsen Management, and Marinvest/Skagerack Invest will be welcoming seven advanced, clean-burning, fuel-efficient, 50,000 dead weight tonne vessels to the sea later this month.
This is first-of-its kind vessels capable of running on methanol, gas oil or fuel oil. This kind of technology will surely lessen the emissions while offering ship owners an efficient, feasible and convenient fuel alternative. Methanol is a biodegradable marine fuel that lessens smog-causing emissions like particulates, sulphur oxides and nitrogen oxides.
Waterfront Shipping Company will be the one to charter the seven vessels in order to replace the older vessels and expand its fleet. These ships were built by Hyundai Mipo Dockyard and Minaminippon Shipbuilding Co., Ltd.
The ship naming ceremony for the two of the dual vessel vessels, which is owned by WL with the second as a joint venture with WFS/Marinvest, will be held in Korea on April 18. The official delivery of the first tree vessels will be this April and the remaining four will be on October.
Patrik Mossberg, chairman of Marinvest, states that this investment is very much associated with the vision and leadership to provide safe and environmentally friendly transports and delivers innovative solutions for the world’s energy needs.
Rolf Westfal-Larsen, president and CEO of Westfal-Larsen Management also added that being one of the shipping companies helping to lead this effort makes sense for their business and it’s great to be part of an innovative solution.