MOL receives new methanol-fuelled chemical tanker

The vessel will be chartered by Mitsui O.S.K. Lines, Ltd. (MOL) from Osaka Shipping Co., Ltd.

The delivery expands the number of methanol carriers operated by MOL to 19, (including the Cypress Sun). 

Cypress Sun is equipped with a MAN Energy Solutions’ dual-fuel engine that can operate on methanol as well as conventional fuel oil. MOL has also been expanding the number of dual-fuel vessels, which can run on methanol, since 2016. Currently, MOL operates five of the 23 methanol dual-fuel tankers in service worldwide, including the Cypress Sun.

The vessel will be managed by MOL Tankship Management, a MOL group company, and will be engaged in a long-term charter contract with Waterfront Shipping Limited. The company is a subsidiary of Methanex, the world’s largest methanol producer.