World News
X-Press Feeders Targets Shift to E-Methanol Within 3-5 Years
Container shipping firm X-Press Feeders is expecting to shift some of its fleet over to using synthetic methanol within the next five years.
The company ordered eight methanol-fuelled feeder vessels in 2021 and another six in 2023, which it expects to receive by the end of next year, Bastian Brueckmann, operations manager at X-Press Feeders, said at the Argus Biofuels Europe conference in London on Tuesday.
While the initial plan is to run these ships on biomethanol, the company is expecting a shift to synthetic methanol before long.
"The next step for us will be to increase it further to e-methanol, to make it 100% net-zero," Brueckmann said at the conference.
"That will come hopefully way before 2050, I hope; we're targeting around 2028-29ish.
"Not for all 40 vessels, that's quite clear; there's a quite big variance on cost compared to conventional fuels.
"But two to four vessels will run on e-methanol within, let's say, three to five years."
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 594.50 | 20.00 | 663.50 | 25.50 |
| Rotterdam | 550.00 | 12.50 | 659.00 | 24.50 |
| Houston | 542.50 | 21.50 | 676.00 | 25.50 |
| Fujairah | 586.50 | 16.50 | 762.50 | 6.50 |
| Global 20 Ports Average | 608.50 | 14.00 | 752.50 | 13.00 |
| Global 4 Ports Average | 568.50 | 17.50 | 690.00 | 20.50 |
| Global Average Bunker Price | 655.00 | 5.00 | 822.00 | 14.00 |
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