3.9 C
Hamburg
Wednesday, November 30, 2022
Home News WFW advises MPCC on methanol-powered container ship order

WFW advises MPCC on methanol-powered container ship order

Watson Farley & Williams (WFW) has advised Norway-headquartered MPC Container Ships ASA (MPCC) of its order for two newbuild 1,300 TEU dual-fuel methanol vessels in partnership with chemical group Elkem ASA (Elkem) and North Sea Container Line (NCL) which will charter both vessels for 15 years.

Each ship costs US$39 million and they are expected to be operational by the second half of 2024.

They will be equipped with a dual-fuel engine layout that allows operation on methanol as well as conventional MGO. In addition to the advanced hull design, there are other solutions to maximise the vessels’ performance, such as shore power connection, battery packs, shaft generators and twisted edge flap rudders.

MPCC is a container shipping company specialising in feeders.

Elkem is a producer of silicones and alloys for the foundry industry. Elkem owns a 40% share of NCL, a container logistics company. The new vessels will replace three of NCL's diesel vessels.

"We are very pleased to have once again advised MPCC on an important deal with regards to the decarbonisation of the maritime industry. This innovative project will play a significant role in the creation of one of northern Europe's first green corridors for carbon neutral transportation. That MPCC opted for WFW to assist them again highlights our standing as the 'go to' law firm for sustainable shipping expertise," commented maritime partner and Germany corporate services group head at WFW, Dr. Christian Finnern.

Latest Posts

ONE Trust, equipped with wind deflector, arrives in France

The 20,170 TEU container vessel ONE Trust is the first ship in the world to be equipped with a wind deflector on the bow. The...

World’s first large-scale Battolyser plant to be located in Port of Rotterdam

The world’s first large scale Battolyser factory will be constructed in the port of Rotterdam to meet soaring demand for green hydrogen and electricity...

ICTSI’s Mindanao Container Terminal enhances port equipment

Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) business unit in Misamis Oriental in the Philippines, has acquired a mobile harbor crane...

Escalating protests threaten Indian hub port development at Vizhinjam

The Adani Group finds itself in a fix due to an escalation of protests against its under-construction container transshipment hub project at Vizhinjam, a...

Increased container volume at Port of Melbourne in October

Port of Melbourne noted increased container volumes in October 2022 compared to the same month last year. The Australian port saw October's container throughput rise...