Japan presses ahead with methanol-fuelled tanker project

Six Japanese companies including Mitsui OSK Lines (MOL) and Murakami Hide Shipbuilding have formed a strategic alliance to develop a methanol-fuelled domestic tanker for delivery by 2024.

The project has received public funding via the Japanese Ministry of Economy, Trade and Industry (METI) and the Ministry of Land, Infrastructure, Transport and Tourism (MLIT).

MOL, Japan’s largest shipowner by fleet size, is spending considerable resources on methanol fuel developments. Last year, MOL bought a 40% stake in the world’s most advanced methanol shipper, Waterfront Shipping (WFS), the tanker subsidiary of methanol producer Methanex.

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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