Jan 18, 2024 | Shipbuilding & ship repair news

Ocean Network Express (ONE), the Singapore-based alliance between ‘K’ Line, MOL and NYK, has signed shipbuilding contracts with Jiangnan Shipyard and Yangzijiang Shipbuilding for the construction of a total of 12 methanol dual-fuel 13,000 TEU container ships.

Each shipyard will build six vessels with deliveries scheduled from 2027. The order represents ONE’s inaugural fleet of methanol-dual fuel vessels and is considered to play a key role in reaching ONE’s sustainable goals as part of its Green Strategy.

The vessels are designed with capabilities to be flexible and agile in order to seamlessly integrate into ONE’s evolving global network. This investment and purchase are aligned with ONE’s procurement policy aimed at meeting customer demand and being adaptable for any future change in global sustainable supply chains.

In the current maritime and sustainability landscape,  methanol is anticipated to hold significant potential for emission reduction. Moreover, these vessels will include technologies such as optimised hull form, waste heat recovery systems and bow windshield. Selected vessels will be equipped with an air lubrication system and shaft generator to help with exploring potential enhancements in fuel efficiency and the reduction of GHG emissions. These innovations can help accelerate ONE’s decarbonisation efforts and should ensure compliance with evolving environmental regulations.

ONE CEO Jeremy Nixon said: “Our decision to invest in methanol-dual fuel vessels aligns with ONE’s Green Strategy as part of our key initiatives. Upcoming new fleet is pivotal in achieving our goal of deploying the first alternative fuel ships by 2030 and marks a significant milestone in our journey towards a greener and more sustainable maritime industry.”

ONE’s Green Strategy has an ambitious target to achieve net-zero GHG emissions, encompassing Scope 2 and 3, by 2050. To achieve the target, transition from conventional fuel to alternative fuels is defined as ONE’s key pillar of green initiatives, and it is consistent with operational efficiency, green investment, and alternative fuels in key initiatives.

Image: Joint design image by Yangzijiang Shipbuilding representing six of the vessels (source: Yangzijiang Shipbuilding/Helix PR)

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