Shipowner hesitant towards green methanol despite its widespread adoption among carriers

Eastern Pacific Shipping is yet to order any newbuilds with green methanol compatibility due to lack of access to the fuel, says CEO.

French carrier CMA CGM and South Korean HMM have both ordered ships that can sail on green methanol. | Photo: Daniel Bockwoldt/AP/Ritzau Scanpix

by DAG HOLMSTAD

Even though carriers and possible clients like Maersk, ONE, HMM, Evergreen, and CMA CGM have posted billions into new, green methanol-powered ships, Eastern Pacific Shipping is reluctant to follow suit.

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Shipowner hesitant towards green methanol despite its widespread adoption among carriers

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Front page now

Panama Canal once again limits the daily number of ships

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

Carriers go their separate ways on climate quotas

Russia takes more risks by increasing shipping on Arctic route

Everfuel and French fund to invest EUR 200m in hydrogen through joint venture

Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

Seven Seas: Customers' green ambitions and actions don't align

Further reading

Maersk to produce three million tonnes of green methanol from 2030

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Eastern Pacific and MAN to develop fleet of huge ammonia carriers

Jobs