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Korea, China, and Japan compete for dominance in methanol-powered ships
来源：shippingazette 编辑：编辑部 发布：2023/08/15 14:50:29
METHANOL-fuelled ships have surged ahead of LNG vessels in shipbuilding contracts for environmentally conscious propulsion, revealing a significant shift in the maritime industry's green transition, reports BusinessKorea.
South Korea's shipbuilding prowess has driven this transformation, supported by China and Japan, sparking intense competition.
Data from the Korea LNG Bunkering Industry Association and DNV illustrate this shift.
Between January and July, 122 contracts were secured for methanol-powered ships, surpassing the 73 contracts for LNG-powered vessels.
This reflects a reversal from the previous year when LNG vessels held the majority at 222 compared to 35 methanol vessels.
Throughout this year, with the exception of March and April, methanol-powered ship contracts have consistently exceeded those for LNG vessels.
The momentum behind methanol propulsion is highlighted by July's influx of 48 new contracts.
This has propelled the share of methanol-powered ships in the global shipbuilding order backlog to 10.7 per cent, aligning with LNG ships at 23.1 per cent, while traditional-fueled vessels account for 63.5 per cent.
Leading the charge, South Korea secured contracts for large-scale methanol-powered container ships. HD Korea Shipbuilding & Offshore Engineering clinched a remarkable 54 orders, including 18 methanol-powered container ships for Maersk, marking a pioneering milestone.
Samsung Heavy Industries received an order for 16,000-TEU vessels from Evergreen, and HJ Heavy Industries secured two 9,000-TEU vessels for HMM.
China and Japan also actively compete. Chinese shipbuilders like Dalian Shipbuilding Industry and Yangzijiang Shipbuilding secured contracts for 129,000 TEU methanol-powered container vessels, driven by orders from CMA-CGM and Maersk.
China's domestic methanol production advantage attracts global shipping giants, including Maersk's partnerships for an annual supply of eco-friendly methanol.
China's focus extends to engine production, with Korean engine manufacturers leading in methanol engine technology.
Korea's success in LNG engines positions it to dominate the methanol era. In contrast, China's state-owned engine manufacturer, CSSC MES Diesel (CMD), secures contracts for engines to power COSCO's 12 methanol-propelled ships.
South Korea's shipbuilding prowess has driven this transformation, supported by China and Japan, sparking intense competition.
Data from the Korea LNG Bunkering Industry Association and DNV illustrate this shift.
Between January and July, 122 contracts were secured for methanol-powered ships, surpassing the 73 contracts for LNG-powered vessels.
This reflects a reversal from the previous year when LNG vessels held the majority at 222 compared to 35 methanol vessels.
Throughout this year, with the exception of March and April, methanol-powered ship contracts have consistently exceeded those for LNG vessels.
The momentum behind methanol propulsion is highlighted by July's influx of 48 new contracts.
This has propelled the share of methanol-powered ships in the global shipbuilding order backlog to 10.7 per cent, aligning with LNG ships at 23.1 per cent, while traditional-fueled vessels account for 63.5 per cent.
Leading the charge, South Korea secured contracts for large-scale methanol-powered container ships. HD Korea Shipbuilding & Offshore Engineering clinched a remarkable 54 orders, including 18 methanol-powered container ships for Maersk, marking a pioneering milestone.
Samsung Heavy Industries received an order for 16,000-TEU vessels from Evergreen, and HJ Heavy Industries secured two 9,000-TEU vessels for HMM.
China and Japan also actively compete. Chinese shipbuilders like Dalian Shipbuilding Industry and Yangzijiang Shipbuilding secured contracts for 129,000 TEU methanol-powered container vessels, driven by orders from CMA-CGM and Maersk.
China's domestic methanol production advantage attracts global shipping giants, including Maersk's partnerships for an annual supply of eco-friendly methanol.
China's focus extends to engine production, with Korean engine manufacturers leading in methanol engine technology.
Korea's success in LNG engines positions it to dominate the methanol era. In contrast, China's state-owned engine manufacturer, CSSC MES Diesel (CMD), secures contracts for engines to power COSCO's 12 methanol-propelled ships.