| Code: 129216 |

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TIN news:  On April 2017, Waterfront Shipping, Methanex Corporation’s wholly-owned subsidiary, marked one-year since welcoming the world’s first ocean-going vessels, capable of running on methanol, into its fleet. The first three vessels were delivered in April and the remaining four, later, in 2016.

According to the company, these vessels have achieved accolades from the marine industry for their use of clean-burning methanol as an alternative marine fuel. Over the past year, the seven 50,000 dead weight tonne methanol tankers – powered by two-stroke dual-fuel engines capable of running on methanol, fuel oil, marine diesel oil or gas oil – have been operating safely and reliably across the globe.

“Investing in methanol-based marine fuel is an important step in the right direction and reinforces our commitment to sustainable proven technology that provides environmental benefits and meets emission regulations”, said  Jone Hognestad, former President of Waterfront Shipping.

WFS invited three shipping companies, Marinvest/ Skagerack Invest (Marinvest), Mitsui O.S.K. Lines, Ltd. (MOL), and Westfal-Larsen Management (WL) to collaborate on the project and, in December 2013, announced plans to commission these dual-fuel vessels. Shipping partners, engine manufacturer, MAN Diesel and Turbo SE, and the two shipyards building the vessels, Hyundai Mipo Dockyard in Korea and Minaminippon in Japan, worked closely to bring this commitment to life.

“Tests in blending water with methanol also show promising results in terms of meeting the International Maritime Organization’s NOx Tier III requirements. Such a new Tier III solution could become a game changer. Further tests are scheduled in the near future to conclude if this could be a new way forward,” stated René Sejer Laursen, Sales & Promotion Manager, MAN Diesel & Turbo.

 

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