Hapag-Lloyd inks methanol main engine retrofit kits agreement

Hapag-Lloyd inks methanol main engine retrofit kits agreement

Hapag-Lloyd has entered into a Conversion Commitment Agreement with MAN Energy Solutions (MAN) and Seaspan Corporation (Seaspan) to equip its fleet with engine retrofit kits to run on methanol.

Under the terms of this agreement, MAN will deliver 15 engine retrofit kits for a conversion of vessels with fuel-oil powered MAN B&W S90 engines from the Seaspan and Hapag-Lloyd fleets to dual-fuel engines capable of running on green methanol.

This agreement includes 45 optional engine retrofit solutions. Each conversion can provide a CO2 reduction of 50.000–70.000 tonnes each year, when operating on green methanol.

READ: ONE, Seaspan carry out boxship fire drill

Seaspan is the largest global containership lessor, primarily focused on long-term time charters with the world’s leading container shipping lines.

With an industry-leading newbuild program of 70 vessels, Seaspan said it will bring its owned fleet to a total of 200 vessels and 1.9 million TEU capacity.

Hapag-Lloyd aims to operate its vessels in a climate-neutral manner to become net-zero carbon by 2045.

READ: Hapag-Lloyd implements LNG storage on 23,600 TEU vessel

Leander said: “Seaspan and Hapag-Lloyd, are significant maritime stakeholders with strong fleet-decarbonisation commitments and strategies. This Agreement shows clear intent to drive the industry transition toward zero-carbon shipping.

Retrofitting existing engines to dual-fuel running is one of the most effective ways to reduce greenhouse gas (GHG) emissions and to derive greater efficiency and profitability from an existing shipping fleet, while simultaneously delivering fuel flexibility and extending operational lifetimes.

“Crucially, this also avoids the unnecessary building of additional tonnage with associated CO2 emissions, and thereby showcasing that retrofitting the existing maritime fleet is an important and feasible path.

“With this collaborative agreement, we proceed our journey providing decarbonisation solutions for the maritime industry.”

This month, Hapag-Lloyd completed its 100 per cent acquisition of SM SAAM’s terminal business and related logistics services, as agreed in October 2022.

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