Evergreen, X-Press Feeders sign green methanol shipping agreement

Evergreen Marine Taiwan

02/02/2024 04:58

SINGAPORE, Feb 2 (Reuters) - Taiwanese container
shipping major Evergreen Marine  2603.TW  has signed an
agreement to use Singapore-based X-Press Feeders' new green
methanol ships in Europe, X-Press Feeders said late on Thursday.
    X-Press Feeders, which will start operating its dual-fuel
vessels from the second quarter, said the two companies would
launch a feeder network that would be the first in Europe to be
powered by green methanol, helping to cut carbon emissions.
    They will start in Rotterdam and run to ports in the Baltic
Sea and Scandinavia.
    X-Press Feeders, which operates more than 100 vessels
globally, has ordered 14 dual-fuel ships that can burn methanol
and conventional bunker fuel. 
    The company will receive eight vessels in 2024, while the
remaining six will be delivered between 2025-2026.
    Globally, more shipping companies have taken steps towards
enabling green methanol as a marine bunker fuel in the push for
cleaner energy.
    The move comes as the European Union extends its Emissions
Trading System (ETS) to cover carbon dioxide emissions for all
ships of 5,000 gross tonnage and above entering EU ports.

 (Reporting by Jeslyn Lerh; Editing by Sonali Paul)
 ((jeslyn.lerh@thomsonreuters.com))