The third ship for the Proman Stena Bulk joint venture (JV), the 50,000-dwt one has a dual-fuel engine that can run on methanol fuel, as reported by Riviera.
Reducing greenhouse emissions
Proman Shipping, a subsidiary of Proman, a company specialising in natural gas-derived products, operates four methanol-fuelled tankers, with two more due for delivery by 2024. The company has partnered with Stena Bulk in a 50-50 joint venture to operate these tankers, with the latest addition being the Stena Promise, a Proman-owned vessel. Stena Promise uses approximately 11,500 tonnes of methanol as fuel per year, significantly reducing greenhouse gas emissions compared to conventional marine fuels. The naming ceremony of Stena Promise was used as an opportunity to convene with partners, friends and industry leaders in Rotterdam to discuss the low-carbon transition of the shipping industry. Proman believes that regulatory incentives and market-based measures are necessary to drive capital to projects that can deliver immediate emissions reductions, and collaboration across the shipping value chain is essential to make green shipping a reality.
Largest methanol hub
Stena Promise, a methanol-fuelled tanker owned by Proman Shipping and Stena Bulk’s joint venture, was christened by Dr Hilary Cassidy at a naming ceremony in Rotterdam. The port is the largest methanol hub in northwestern Europe, and the ship has the capacity to use approximately 11,500 tonnes of methanol as fuel per year, reducing greenhouse gas emissions. Container lines lead the way on orders for methanol-fuelled ships, with dry bulk and tanker operators and cruise lines also placing orders. Proman Stena Bulk’s IMOIIMeMax vessel series has an Energy Efficiency Design Index (EEDI) rating that surpasses IMO’s 2025 Phase 3 emissions reduction requirements by 11%. Stena Promise has demonstrated an unprecedentedly low EEDI value while running on methanol. The partnership between Stena Bulk and Proman is working to advance the viability of methanol as a marine fuel.
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