- Evergreen Marine Corporation has signed a memorandum of agreement with X-Press Feeders to place its containers on X-Press Feeders’ new green methanol dual fuel vessels operating in Europe.
- The agreement also includes plans to develop a feeder network, marking the first of its kind in Europe to be powered by green methanol.
Evergreen Marine Corporation (Evergreen) has signed a memorandum of agreement with X-Press Feeders to place its containers on the latter’s new dual fuel green methanol vessels, reports Nasdaq.
Last year X-Press Feeders Group member Eastaway ordered six new 1,250 TEU container vessels that will be fitted with dual-fuel engines capable of operating on conventional fuel and methanol, bringing the number of dual-fuel vessels in the pipeline for the X-Press Feeders Group to 14.
Pioneering the use of dual-fuel vessels
In a statement issued, X-Press Feeders said the two companies intend to work together to launch a feeder network, which will be the first in Europe to be powered by green methanol.
The dual fuel ships will be based at the Port of Rotterdam and covering ports in the Baltic Sea and Scandinavia. Ultimately, the 14 dual fuel ships that X-Press Feeders has on order for delivery from 2024 Q2 through mid-2026 will be operated within Europe and the Mediterranean.
Last July, it was announced that OCI Hyfuels would supply the shipping company with green methanol in the Port of Rotterdam from 2024.
‘We are pioneering the use of dual-fuel vessels and we decided to take delivery of our vessels sooner, rather than later, because we know we need to take significant steps today to meet the targets for reductions in GHG emissions,’ said Francis Goh, X-Press Feeders’ Chief Operating Officer.
‘Our two companies are encouraging port operators, fuel suppliers, logistics companies, freight-forwarders and beneficial cargo owners (BCOs), etc to join us on the path to more sustainable shipping. By working together, step by step, we can achieve so much more.’
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Source: Nasdaq
