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Hafnia and Socatra order four methanol-powered MR tankers in China

Hafina and French joint venture partner Socatra have ordered four methanol-powered MR tankers at Guangzhou Shipyard International (GSI) in China, kicking off a green round of newbuild investments for the world’s largest operator of product tankers.

The 49,800 dwt dual-fuel ships will deliver in 2025 and 2026. All the ships have been fixed on long-term charter to TotalEnergies. No price has been revealed for the quartet. 

On confirming the new order, Søren Steenberg Jensen, Hafnia’s head of asset management, said, “Given the time it takes to build a vessel and the time it takes actually to start moving the needle on carbon emissions, it is important to act now and take proactive steps in decarbonising the maritime industry. It does, however, require partnerships with Charterers, to make the financials work. The cost of the new fuels’ technologies, if unsupported by long-term contracts, will have most owners refrain from taking the financial risk of the future fuel’s technology alone on otherwise already expensive assets.” 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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