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Were excited about the cooperation with Waterfront Shipping and Clean Sea as we explore and learn also how methanol technology can integrate with our fleet to achieve our carbon intensity reduction goal of 25 per cent by 2030 across our entire chartering operation.. Lines, Ltd. (MOL), these vessels will add to WFSs existing fleet of 11 methanol-fuelled ships, which have been recognized by the marine industry for their use of clean-burning methanol as a lower emission fuel. Lines (MOL). The new vessels are powered by the second-generation of MAN B&W ME-LGIM two-stroke dual-fuel engines that are capable of running on both methanol and conventional marine fuels. Waterfronts' global transportation solutions and port-focused operations minimize delays and speed up turn-around times. Get tracking, reporting, and up to five years of documentation.. 10-12 days from Shanghai and . Maritime and offshore news trusted by our 88,733 members delivered daily straight to your inbox. Methanex is a Vancouver, Canada-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. The 49,999 dwt methanol-fueled newbuild was handed over to Waterfront Shipping Company by South Korean shipyard Hyundai Mipo Dockyard. Commercial management is performed by Dampskibsselskabet TORM of Denmark while Tesma Denmark performs technical management. Waterfront Shipping renews fleet with eight methanol dual-fuel vessels 01 Dec 2020 by Craig Jallal Waterfront Shipping Company Ltd (WFS), a wholly owned subsidiary of Methanex Corporation, has announced the addition of eight new methanol dual-fuel vessels to its fleet It marks the 18th methanol carrier in MOL's. 1 Some commodities are restricted or reviewed on a case-by-case basis. Waterfront Shipping Company, a wholly owned subsidiary of Canada's Methanex Corporation, has added two new dual-fuel vessels to its tanker fleet. View all newsletters from across the GlobalData Media network. Per-shipment billing lets you pay as you go, with shipment-level landed cost visibility. Passionately Delivering the Best Marine Solutions. The order brings Maersks methanol-powered Weve got you covered with trusted maritime and offshore news from wherever you are. That means you can plan with accuracy. No monthly, quarterly, or annual shipment reports or audits are required. Faster processing in the container yard. Were pleased to partner with Trafigura to share our global experience and knowledge with operating and bunkering vessels using methanol fuel technology, said Paul Hexter, President of Waterfront Shipping. The Port Authority's core tasks are the sustainable development, management and operation of the port, the maintenance of the smooth and safe handling of shipping and supporting the future-resilience of the port of Rotterdam. We use cookies on our website to give you the most relevant experience. About NYKNippon Yusen Kabushiki Kaisha (NYK) was founded in 1885 and is one of the world's leading transportation companies. Make sure your ocean freight and your business are covered in case of: Let our expertsassist you in arranging insurance to help reduce headaches and hassles.. In accordance with its medium-term management plan Staying Ahead 2022 with Digitalization and Green, the company is promoting digitalization and green initiatives in an effort to optimize the overall supply chain and create new value in the environmental field while working to strengthen the groups ability to ensure stable revenue and withstand business downturns thus realizing the companys basic philosophy of Bringing value to life and contributing to the betterment of societies. Note that Internet Explorer is no longer supported. These cookies will be stored in your browser only with your consent. MAN developed the ME-LGI engine concept in response to interest from the shipping world to operate on alternatives to heavy fuel oil, said Thomas S Hansen, Head of Two-Stroke Promotion & Customer Support at MAN Energy Solutions. Canada-based Waterfront Shipping Company (WFS), a wholly-owned subsidiary of Methanex Corporation, has placed an order for eight new methanol dual-fuel vessels with South Korean shipbuilder Hyundai Mipo Dockyard. www.trafigura.com. Lines Announce Agreement on Key Commercial Terms for a Strategic Partnership, Waterfront Shipping takes leadership role in demonstrating simplicity of methanol bunkering to marine industry, about Waterfront Shipping takes leadership role in demonstrating simplicity of methanol bunkering to marine industry, Shipping Industry To Welcome New, Lower Emission, Methanol Dual-Fuel Vessels, about Shipping Industry To Welcome New, Lower Emission, Methanol Dual-Fuel Vessels. The cargos origin, destination, mode of transport, commodity status, and packaging can also impact cargo cost. Access the shipping information you need more easily with our online visibility tool, My Global Trade Data. The vessels will join Waterfronts existing fleet of 11 methanol-powered ships ranging in size from 3,000 to 50,000 deadweight tonnes, making the company the world leader in methanol-powered ships. Waterfront Shipping Limited is committed to exceeding customers expectations in terms of the service we provide. The City was awarded a $24 million grant from the Federal Transit Administration (FTA) through its Low/No Emission Buses and Bus & Bus Facilities Program. Waterfront Shipping is pioneering the use of methanol as a marine fuel and as the world's largest operator of methanol dual-fuel vessels, has accumulated over 123,000 operating hours,. Vopak is listed on the Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands. Simplify international shipping with help from the experts. Methanex Corporation. Mari Couva and Mari Kokako meet the International Maritime Organisations (IMO) Tier III emission regulations without requiring exhaust gas after treatment. Waterfront Shipping operates the largest methanol ocean tanker fleet in the world with its fleet comprising vessels from 3,000 to 49,000 dwt. Its fleet of 30 modern, deep sea tankers forms a seamless transportation network dedicated to keeping an uninterrupted flow of methanol moving to storage terminals and customers' plant sites . And faster delivery from port-to-door with FedEx Freight Priority. About Nippon Yusen Kaisha (NYK) Nippon Yusen Kabushiki Kaisha (NYK) was founded in 1885 and is one of the world's leading transportation companies. The Port of Rotterdam is the largest seaport in Europe with approximately 30,000 visiting seagoing vessels and 100,000 inland vessels per year. The leading site for news and procurement in the ship industry, I consent to Verdict Media Limited collecting my details provided via this form in accordance with. Waterfront Shipping willreplace its older ships with the two vessels. NYK Bulkship (Asia) Pte. For advertising opportunities contactEmail: [emailprotected]Phone: +1.805.704.2536. We are proud that approximately 60 percent of our 30-ship fleet will be powered by lower emission, methanol-fuel technology upon delivery of this latest order, said Paul Hexter, President, Waterfront Shipping Ltd. Having operated methanol-fuelled vessels for over four years now, we know that methanol is a practical, cost-competitive and safe marine fuel for the commercial shipping industry in the post-IMO 2020 marketplace. For more information, visit www.portofrotterdam.com/en. In 2016, it added the first two methanol-powered ships, which have logged in 10,000 running hours. Learn how and when to remove this template message, https://en.wikipedia.org/w/index.php?title=Waterfront_Shipping&oldid=1019693774, Companies formerly listed on the Oslo Stock Exchange, Articles lacking reliable references from January 2008, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 24 April 2021, at 21:33. Waterfront Shipping is a shipping company that operates six clean product tankers each at about 84,000 deadweight tonnes. The new ships will each be equipped with a dual-fuel engine that enables the vessels to be powered not only by marine fuel oil but also methanol, which is a clean-burning, eco-friendly fuel. A further two vessels, also powered by methanol, will be delivered to Waterfront Shipping before the end of 2019. Leading the way in advanced engineering for more than 250 years, we provide a unique portfolio of technologies. Methanex can be visited online at www.methanex.com. For more information please visit www.meiji-group.com, About Mitsui O.S.K. Known to be sulfur-free, methanol if produced . Communicate with consignees. The 2016-built methanol fueled MT Mari Jone. This agreement supports the parties efforts to help transition the marine shipping industry toward decarbonization and is another example of Waterfront Shippings leadership in supporting the growing demand for methanol as a marine fuel. As a liquid fuel, existing bunkering infrastructure for traditional marine fuels can easily be converted to use methanol, helping grow the global demand for the fuel, according to Methanex. About the Port of RotterdamThe aim of the Port of Rotterdam Authority is to strengthen the competitive position of the port of Rotterdam as a logistics hub and a world-class industrial complex in terms of both size and quality. Methanol has proven itself able to meet our very stringent safety standards and can play an important role in meeting the lower emission goals., As shipowners begin to engage in the energy transition, the Vopak terminals have the capabilities and experience to also work with operators of methanol-fuelled vessels and meet their specific requirements, said Dick Richelle, Commercial Director of Royal Vopak. Cargo insurance is a lot like any other type of property insurance in that the cost varies based on what youre insuring. Methanol meets the shipping industrys increasingly strict emissions regulationsit significantly reduces emissions of sulphur oxides (SOx), nitrogen oxides (NOx) and particulate matter, and when produced from renewable sources, offers a pathway to meeting future emissions regulations without further shipowner investment. The news that you need delivered every morning. Flexible carrier, gateway, and delivery options. Ltd., an NYK Group company based in Singapore, has signed a long-term time charter contract with Waterfront Shipping Company Limited (WFS)* for two newly built chemical carriers. It is mandatory to procure user consent prior to running these cookies on your website. Lines, Ltd., founded in 1884, is one of the top shipping companies headquartered in Tokyo, Japan. This environmental specification enables the vessels to meet important environmental regulations of international shipping, such as SOx Global Cap regulations** set by the International Maritime Organization (IMO). Methanex Investor InquiriesKim Campbell, Director, Investor Relations+1-604 661 2600 or Toll Free: 1 800 661 8851, Methanex Media InquiriesNina Ng, Manager, Global Communications+1-604 661 2600 or Toll Free: 1 800 661 8851, Port of Rotterdam Media InquiriesSjaak Poppe, Spokesperson +31 6 224 66 553, Vopak Media InquiriesLiesbeth Lans, Manager, External Communication+31 (0)10 400 2777 | e-mail: global.communication@vopak.com, NYK Media InquiriesYuichi Suzuki, Manager, Media Relations Team, Corporate Communication Groupemail: NYKJP.ML.MEDIA@nykgroup.com, TankMatch Media InquiriesAndre Nieman, CEO+31 183 89 39 31, A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f9ae3a0-a11f-4266-8d0c-6a0ef60d5a64, https://www.globenewswire.com/NewsRoom/AttachmentNg/4f9ae3a0-a11f-4266-8d0c-6a0ef60d5a64. For more information on Waterfront Shipping Limited vessels, see the Fleet List page. And deliver on schedule. As a cleaner-burning marine fuel, conventional methanol already meets the International Maritime Organizations (IMO) pollutant emissions regulations, significantly reducing sulphur oxides by 99 per cent, nitrogen oxides by up to 80 per cent, and particulate matter by 95 per cent compared to heavy fuel oil. Co. 1901-1908 chartered from Red Star Line. Plus, with this LCL shipment consolidation option, you get simplified pricing, a single point of contact, and a single invoice. Forecast labor needs. Tell us your ocean freight needs and well propose the transportation scenario, transit time, and cost structure that can help you meet them. Copyright 2008 - 2023 Waterfront Shipping Ltd. All rights reserved. Plus, with this LCL shipment consolidation option, you get simplified pricing, a single point of contact, and a single invoice. The vessels are designed with MAN second-generation B&W ME-LGIM two-stroke dual-fuel engines that can run on methanol or traditional marine fuels. Its fleet of 30 modern, deep sea tankers forms a seamless transportation network dedicated to keeping an uninterrupted flow of methanol moving to storage terminals and customers' plant sites around the world. Modi Mano, CEO at Clean Sea Transport, said, The Mari Innovator is our third-generation dual-fuel vessel and offers a number of advantages to Trafigura including the flexibility to diversify fuel options or consume methanol for potential cost savings. We also use third-party cookies that help us analyze and understand how you use this website. With this second generation of vessels, we will benefit from innovative technological advances that will continue to optimise performance and efficiency. Every day, we serve our customers in the chemical, mineral and sustainable sectors. From port-to-port, port-to-door, door-to-port, and door-to-door in 220+ countries and territories, well work with you to help you determine the best way to get your FCL and LCL ocean freight1 from Point A to Point B. Waterfront Shipping, a subsidiary of Methanex Corporation, is a global marine transportation company specializing in the safe, responsible, and reliable transport of bulk chemicals and clean petroleum products to major international markets in North America, Asia Pacific, Europe, and Latin America. Import to the U.S. from the Asia Pacific region, Europe, the Middle East, and Latin America, Import to the U.S. and Canada from the Asia Pacific region, Europe, the Middle East, and Latin America, Delivery in the U.S. and Canada with FedEx Express, 1012 days from Shanghai and Ningbo to the Ports of Los Angeles and Long Beach, First-priority off-dock at container yard, Containers available on chassis within 24 hours of vessel berth, Truck turn times at port of arrival of 25 minutes or less, Verified gross mass (VGM) handling service, There are container or equipment shortages, Youre shipping commodities that are complicated to import, There are multiple participating government agencies (PGAs) involved, Youre dealing with blank sailings, leading to detention or demurrage charges, You choose additional transportation services, like container breakdown, repackaging, and final-mile shipping, Youre shipping FCLs (including deferred shipments), You're shipping high volumes that qualify for a volume discount or result in lower cost per pound than smaller shipments, Youre using multiple FedEx services and qualify for a discount, Financial impact of carrier liability limits on claims. Methanex is committed to demonstrating ongoing leadership in the use of lower-emission methanol as a marine fuel. From January 1, 2020, the allowable limit of sulfur in ship fuel oil was reduced from 3.5% to 0.5%. Subsequent to the first such ship delivered in 2019, the new ships will be the second and third methanol carriers under management of NYKSM to be equipped with dual fuel engines. General Waterfront Shipping Limited operates from Vancouver, British Columbia on Canada's Pacific coast. 2 Customs brokerage services in the U.S. and Canada will be provided by FedEx Trade Networks Transport & Brokerage, Inc. and FedEx Trade Networks Transport & Brokerage (Canada), Inc., respectively. Waterfront Shipping will charter the two vessels to replace older vessels. The dual-fuel engine for the new ships will be an eco-friendly engine that reduces sulphur oxides (SOx) by approximately 99 percent, in addition to reductions to particulate matter (PM) and nitrogen oxides (NOx). Ltd., and a subsidiary of NYKwhich was accorded special mention for Green Ship of the Year, participated in the operation as the inaugural methanol-powered ship to be fuelled by a commercial bunker barge. The new vessels are powered by the second-generation of MAN B&W ME-LGIM two-stroke dual-fuel engines that are capable of running on both methanol and conventional marine fuels. . SOx emission regulations based on the 2008 amendment of the 1997 protocol on ship pollution prevention (Annex VI of the MARPOL Convention). As a liquid fuel, established bunkering infrastructure for traditional marine fuels can easily be converted to use methanol. Once delivered, they will join Waterfront Shipping's existing eleven methanol dual-fuelled ships. The company is based in Oslo, Norway and is a subsidiary of Kistefos. 1920-1925 chartered from Atlantic Transport Line. It is equipped with the latest technological innovations and fuel consumption is particularly low for a medium-range tanker.. Further information on the methanol bunkering demonstration will be made available to the marine industry in the coming months. Give your business an edge with our leading industry insights. We handle claims for you. Here are some of the most common: The open ocean is volatile, with strong winds, high waves, and heavy rains. As ship owners, it is important that we, at Marinvest, spread awareness across the industry of the success of methanol as a simple to adopt, cost-competitive, future-proofed marine fuel.Methanol is one of the worlds most widely traded chemicals and is readily available at almost 90 of the top 100 ports worldwide. Its fleet of 18 modern, deep sea tankers. And the potential for long-term operational cost savings. The NYK Group is based in Tokyo, employs about 35,000 people worldwide, and has regional headquarters in London, New York / New Jersey, Singapore, and Shanghai.

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