Alternative Fuels

Swedish trio aims to provide methanol bunkering with new tanker order

November 11, 2022

A Swedish joint venture of maritime companies has agreed to build a new 2,000 dwt tanker to offer methanol bunkering in the North European region.

PHOTO: A blueprint of the tanker to be built. OljOla


The joint venture comprises Swedish bunker operator OljOla, fuel supplier Stena Oil and maritime technology provider Stena Teknik.

The vessel will be used to carry and supply methanol and biofuels to vessels in the North European region.

The tanker will be designed by Turkish ship designers Kuzey and built by Tuzla-based GENKA Shipbuilding.

The new order has been placed at an opportune time as demand for methanol-fuelled ships are growing steadily, with shipowners working towards their decarbonisation goals.

Shipping classification society DNV’s principal consultant Martin Christian Wold said recently that orders for methanol-fuelled vessels has outnumbered LNG-powered vessels for the first-time last month.

A total of eight LNG-powered vessels were added to the orderbook in October compared to 18 methanol-fuelled vessels.

The push came from shipping giants A.P. Moller - Maersk, COSCO SHIPPING Lines and OOCL, which together ordered 18 large containerships in the month, as they pursue emission reduction goals.

By Tuhin Roy

Please get in touch with comments or additional info to news@engine.online