Americas News
Hapag-Lloyd Seeks Green Methanol Offtake From US Project
German shipping company Hapag-Lloyd has signed a letter of intent with US-based Southern Energy Renewables covering future green methanol supply from a proposed production facility in Louisiana.
Southern Energy’s planned $1.4 billion project in St. Charles Parish is expected to initially produce about 220,000 mt/year of green methanol, as per a press release issued on Thursday.
A final investment decision on the project is expected in Q3 2027, with commercial operations targeted for late 2029.
The agreement establishes a framework for project development and long-term green methanol offtake, subject to development milestones being achieved.
The companies may also explore co-investment in future production facilities.
Green methanol is a potential alternative marine fuel to decarbonise shipping and can be used in dual-fuel methanol ships.
Hapag-Lloyd has ordered several dual-fuel methanol container ships, with the latest eight ship order placed in December 2025.
The company said the project supports its multi-fuel strategy and target of achieving net-zero fleet operations by 2045.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 963.00 | 26.00 | 1351.50 | 10.50 |
| Rotterdam | 766.00 | 3.00 | 1446.00 | 11.50 |
| Houston | 817.00 | 11.50 | 1421.00 | 1.00 |
| Fujairah | 981.00 | 12.00 | 1768.50 | 17.50 |
| Americas Average | 962.50 | 8.50 | 1630.50 | 22.50 |
| Global 20 Ports Average | 929.50 | 10.50 | 1565.00 | 13.00 |
| Global 4 Ports Average | 882.00 | 13.50 | 1496.50 | 9.50 |
| Global Average Bunker Price | 978.50 | 20.00 | 1616.50 | 18.50 |
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