MPC Capital locks in methanol-ready container ship orders

Hamburg-based investment management firm MPC Capital, together with its affiliates, has ordered four green methanal-ready container ships.

PHOTO: MPC Capital

The vessels have a capacity of 5,500 TEU and will be constructed by South Korean shipyard Hanjin Heavy Industries and Construction Group (HHIC).

They will be built to be compliant with the EEDI-Phase 3 and NOx Tier III standards, says MPC. The first vessel is expected to be delivered by second quarter of 2023.

MPC’s methanol-fuelled vessel order is one in only a few for the alternative bunker fuel so far, with another major one being Maersk.

Maersk has been hoarding up orders for methanol-powered vessels recently and plans to bring 13 vessels into operation by 2025.