NEOT to charter Terntank’s upcoming methanol-wind hybrid vessel

March 15, 2023 |

In Finland, Terntank ordered new wind and methanol powered 15,000 dwt hybrid tankers with 14 cargo tank segregation in November 2022. North European Oil Trade (NEOT) will have the first of these newbuildings for the time charter. The vessel will be delivered in March 2025. The major steps towards more sustainable shipping will be taken with the new time-chartered vessel. In addition to the Hybrid Solution®, the vessel will be prepared for foldable sails for wind-assisted propulsion and dual-fuel engine, enabling the use of green methanol in the future. Green methanol is a low-carbon fuel made from either biomass or renewable electricity and captured carbon dioxide. The Finnish energy service company Wega has supported the ten-year cooperation and innovated the future shipping together with Terntank and NEOT. Wega facilitated the charter agreement between the companies.

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Category: Fuels

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