A long-term time charter contract has been signed between NYK Bulkship (Asia) Pte. Ltd., an NYK Group company based in Singapore and Waterfront Shipping Company Limited (WFS) for two newly built chemical carriers. These vessels will be equipped with a dual-fuel engine that allows them vessels to be powered not only by marine fuel oil but also methanol, which is a clean-burning, eco-friendly fuel.
The vessels will be delivered to WFS, a wholly owned subsidiary of Methanex Corporation, after planned delivery from the Hyundai Mipo Dockyard (Korea) in 2022. They will be managed the NYK Group company NYK Shipmanagement Pte. Ltd (NYKSM).
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). 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).
The new ships will be the second and third methanol carriers under management of NYKSM to be equipped with dual fuel engines. Its first such ship’s delivery was in 2019. The NYK Group will further accumulate know-how on the management of methanol carriers and utilize it to contribute to eco-friendly transportation.
Image Credit: NYK Line
