X-Press Feeders completes its first bio-methanol bunkering at Singapore
Container carrier XPress Feeders has actually conducted its very first biomethanol refuelling operation at the port of Singapore on Monday, a business executive said, after receiving in midMay its first out of 14 dualfuelled vessels purchased.
The business aims to use more methanol to fuel its fleet to meet its targets of a 20% cut in co2 emissions by 2035 and to reach net-zero carbon emissions by 2050.
Using bio-methanol produced from decomposing organic matter such as waste and residues helps reduce carbon emissions by 65%. versus traditional marine fuel, said Francis Goh, chief. operating officer at X-Press Feeders.
The business's first dual-fuelled vessel has actually been delivered. out of a Chinese shipyard this month and is sailing from. Shanghai to Rotterdam via Singapore.
It docked and refuelled with about 300 metric lots of. bio-methanol at Singapore on Monday, supplied from Global Energy. Trading's chemical bunker tanker.
The ship refuelled while packing and discharging containers,. making it the first simultaneous methanol bunkering and freight. operation to happen in Singapore, according to the. city-state's port authority.
This marks a boost in performance. The less time we. invest in port, the quicker our ships turn around, said Goh.
The company will release its methanol-fuelled feeder ships on. a Baltic shipping route in July followed by a Finland route in. October.
We thought the European market would be the most receptive. to having such vessels ... with the regulatory environment, it is. extremely favorable, stated Goh.
The first green methanol bunker operation at Singapore was. performed by Maersk last July, while Stena Bulk refuelled green. methanol at Singapore last week.
X-Press Feeders will receive 8 dual-fuel container ships. in between 2024 and 2025 and another 6 between 2025 and 2026. The. company has arrangements with 6 European ports to develop. facilities for supply and bunkering of alternative fuels.
Singapore, the world's largest bunker center, has actually gotten 50. proposals for the supply of methanol as a bunker fuel, with. possible to provide over 1 million lots of low-carbon methanol. annually by 2030.