World News
Hapag-Lloyd and Seaspan Complete First Joint Vessel Methanol Conversion
Container shipping firm Hapag-Lloyd and maritime asset owner and manager Seaspan Corporation have completed the first conversion under their joint methanol retrofit programme.
The 10,100 TEU container ship Seaspan Yangtze has been upgraded from a conventional-fuelled engine to a dual-fuel engine capable of operating on methanol, Hapag-Lloyd said in a statement on its website on Wednesday.
The vessel is the first of five charter ships scheduled for conversion under the programme.
The project is being carried out in collaboration with engine manufacturer Everllence and also includes the vessels Seaspan Amazon, Seaspan Ganges, Seaspan Thames and Seaspan Zambezi.
The total investment for the five retrofits is estimated at $120 million.
"Retrofitting existing vessels is an important lever on our way to decarbonize our fleet operations by 2045," Silke Lehmköster, Managing Director Fleet at Hapag-Lloyd, said.
According to the companies, each retrofit could reduce CO2e emissions by about 30,000-50,000 mt per vessel annually when operating on low-carbon methanol, while also extending vessel life and increasing fuel flexibility.
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