News

Methanex and Mitsui O.S.K. Lines Announce Agreement on Key Commercial Terms for a Strategic Partnership

July 15, 2021

Methanex Corporation and Mitsui O.S.K. Lines, Ltd are pleased to announce that the parties have concluded Key Commercial Terms for the purchase and sale of an equity position in, and the establishment of a strategic partnership involving, Methanex’s Waterfront Shipping (WFS) subsidiary. With a fleet of approximately 800 vessels, MOL is one of the world’s largest shipping companies.

Waterfront Shipping takes leadership role in demonstrating simplicity of methanol bunkering to marine industry

May 11, 2021
VANCOUVER, British Columbia and ROTTERDAM, The Netherlands, May 11, 2021 (GLOBE NEWSWIRE) -- Waterfront Shipping, a wholly-owned subsidiary of Methanex Corporation (Methanex), yesterday demonstrated the ease of ‘barge-to-ship’ bunkering as part of the launch of the world’s first barge-to-ship methanol bunkering operation at the Port of Rotterdam. Waterfront Shipping’s Takaroa Sun—a long-term chartered vessel owned by NYK Bulkship (Asia) Pte. Ltd., and a subsidiary of NYK—which was accorded special mention for Green Ship of the Year, participated in the operation as the inaugural methanol-powered ship to be fuelled by a commercial bunker barge.

Shipping Industry To Welcome New, Lower Emission, Methanol Dual-Fuel Vessels

November 30, 2020
VANCOUVER, British Columbia, Nov. 30, 2020 (GLOBE NEWSWIRE) -- Waterfront Shipping Company Ltd. (WFS), a wholly-owned subsidiary of Methanex Corporation, is pleased to announce the addition of eight new methanol dual-fuel vessels to its fleet. These vessels are part of the company’s fleet renewal program which continually replaces older vessels with newer more efficient ones strengthening its commitment to safe, responsible and reliable transport of cargo.

IINO Lines & Waterfront Shipping Welcome Low-Emission Methanol-Fueled Tanker

December 23, 2019

IINO Kaiun Kaisha, Ltd. (“IINO LINES”) is proud to announce the delivery of Creole Sun, a 49,000 deadweight tonne methanol carrier equipped with two-stroke dual-fuel methanol-powered engine technology. Built in South Korea at the Hyundai MIPO Dockyard, this vessel is owned by joint investment from IINO LINES and Mitsui & Co., Ltd. (“Mitsui”). IINO Marine Service, a wholly-owned subsidiary of IINO LINES, offers ship management service.

Low Emission Methanol-Fueled Chemical Tanker Delivered

November 5, 2019

Nippon Yusen Kaisha (NYK Group) is proud to announce the delivery of Takaroa Sun, a methanol carrier equipped with two-stroke dual-fuel engine technology that enables the vessel to be powered by methanol. Built in South Korea at Hyundai MIPO Dockyard, the new ship was funded through NYK’s green financing initiative established to support environment-friendly projects.

Waterfront Shipping is awarded Lloyd's List 2018 Best Fuel Solution Award

July 10, 2019
Methanex is proud to announce that our wholly owned subsidiary, Waterfront Shipping (WFS), has received the 2018 Lloyd’s List Award for Best Fuel Solution. This award recognizes improvements in fuel efficiency and environmental performance, including efforts to bring forward low emission sustainable fuel technology to the market.

Industry Welcomes Four New Ocean-Going Vessels Capable of Running on Methanol

February 14, 2018

Waterfront Shipping Company Ltd. (WFS), Marinvest/Skagerack Invest (Marinvest), IINO Kaiun Kaisha, Ltd. (IINO), Mitsui & Co., Ltd. (Mitsui), and the NYK Group (NYK) are proud to announce their investment to build four new ocean-going vessels powered by clean-burning methanol fuel.

These four 49,000 dead weight tonne vessels will be delivered in 2019 and built with MAN B&W ME-LGI 2-stroke dual-fuel engines that can run on methanol, fuel oil, marine diesel oil or gas oil.

Safety on the high seas: Methanol Group meeting

July 7, 2016

As a leader in global marine safety, Waterfront Shipping (WFS) is continually looking for innovative ways to achieve the highest standards for health, safety and environmental protection. “We always encourage a strong culture of safety onboard our vessels,” explains Jone Hognestad, President WFS, “It’s fundamental to our business and the safe and reliable delivery of products to our customers."

Industry Welcomes World's First Ocean-Going Vessels Capable of Running on Methanol

April 11, 2016

Starting in April, Waterfront Shipping Company Ltd. (WFS), Mitsui O.S.K. Lines, Ltd. (MOL), Westfal-Larsen Management (WL), and Marinvest/Skagerack Invest (Marinvest) are proud to welcome innovative, clean-burning, fuel-efficient vessels to the sea. These seven 50,000 dead weight tonne vessels are built with the first-of-its kind MAN B&W ME-LGI 2-stroke dual fuel engines that can run on methanol, fuel oil, marine diesel oil, or gas oil.

Waterfront Shipping to Commission New Ships Built With Flex-Fuel Engines

December 8, 2013

Waterfront Shipping Company Ltd. has reached an agreement with Mitsui O.S.K. Lines, Ltd. (MOL), Westfal-Larsen & Co A/S (WL) and Marinvest/Skagerack Invest to build six new ships, with an option for building an additional three, all to be delivered during 2016. These 50,000 dead weight tonne vessels will be built with MAN ME-LGI flex fuel engines running on methanol, fuel oil, marine diesel oil, or gas oil.