Shanghai and Evergreen team up on methanol

Under the deal, SIPG will be responsible for the sourcing, supply and bunkering of green methanol to Evergreen’s 24 dual-fuel methanol vessels which the company is expecting in 2026 and 2027.

Construction of the necessary infrastructure will be shared by Samsung Heavy Industries and Nihon Shipyard, a joint venture between Japan Marine United Corporation and Imabari Shipbuilding.

Shanghai Port and Evergreen Shipping are already jointly operating an empty container centre at the port which Chair of SIPG, Gu Jinshan, says has been well-received. The port has also recently opened Luojing Automated Container Terminal which, together with the future full operation of the north side of Xiaoyangshan, will boost throughput at the port significantly.

The signing of the green methanol deal is being hailed as a milestone in the cooperation between the two parties and key to SIPG’s efforts to build a green methanol industry chain and further the marine energy transformation.

In March last year, SIPG and Danish container shipping giant Maersk signed a memorandum of cooperation on the Shanghai Port methanol marine fuel project whilst SIPG, French shipping giant CMA CGM and its Chinese counterpart COSCO Shipping inked a similar deal in April 2023.