Norwegian shipowning company Ocean Yield AS has agreed to purchase a 5,500 TEU newbuilding container vessel under construction at HJ Shipbuilding, Korea.
As explained, the vessel will be a sister vessel to the two newbuildings announced on 10 June 2022 and 18 July 2022, with a design enabling it to be converted to dual fuel operation with methanol as fuel.
Being a carbon-neutral solution, which is readily available today, methanol is gaining in popularity in the maritime sector, especially having in mind that other alternatives such as ammonia have a long way to go before becoming more mainstream.
The key benefits of methanol include its density, which doesn’t affect the load capacity of ships, the fact that it is relatively safe to bunker, and that it has an attractive price.