Norwegian Giant Acquires Third Methanol Containership, Revolutionizing The Industry Worldwide

Written by Roberta Souza

Published on 06/11/2022 at 19:41

Foto: reprodução www.evergreen-line.com

Be the first to react!

The Norwegian Shipping Company Ocean Yield AS Made a Purchase of a 5,500 TEU Containership Under Construction in Korea

According to reports, the containerships will be sister vessels to two new constructions announced on July 10 and 18 of this year, with a design that allows for conversion to dual-fuel operation with methanol as fuel.

The delivery of the containership is expected in the third quarter of 2023, and after delivery, the vessel will begin a seven-year charter agreement with ZIM Integrated Shipping Services.

Founded in 2012, Ocean Yield focuses on ship investments in long-term charters. At the end of 2021, the company changed ownership when Octopus Bidco AS, a company indirectly wholly owned by funds advised by Kohlberg Kravis Roberts & Co. LP and its affiliates (KKR), acquired all shares of Ocean Yield.

ARTICLE CONTINUES BELOW

The Largest Containership in the World!

https://www.youtube.com/watch?v=p-eV3MlZJ0E

Acceleration of Decarbonization

The increased demand for methanol-powered vessels in the past year was driven by the acceleration of decarbonization in the shipping industry, which saw more than 40 methanol-powered ships added to the order count. As a carbon-neutral solution that is largely available today, methanol is becoming widely popular in the maritime sector, especially considering that other alternatives, such as ammonia, have a long way to go before becoming mainstream.

The main benefits of methanol include its density, which does not affect the cargo capacity of ships, its relative safety for bunkering, and its attractive pricing. More on ships: Offshore Giant Company Signs Contract with Petrobras for Tugboat Supply and
New Ship Contracts. DOF Group, a giant company in the shipping sector, secured a contract in Brazil for one of its Anchor Handling Tug Supply (AHTS) vessels, as well as new ship contracts in West Africa and the North Sea. The contract was made by its subsidiary Norskan Offshore, which signed the agreement with Petrobras for the Brazilian-flagged AHTS vessel class 21,000 Skandi Amazonas until March 2023.

Other DOF Contracts Around the World

DOF Offshore also received a contract to support an FPU for a “major operator” in West Africa, utilizing the Skandi Constructor, Skandi Iceman, Skandi Hera, and a third-party vessel.
Additionally, the Skandi vessel has been assigned to support drilling operations in the Dutch sector of the North Sea, with the charter starting in November and providing 100 days of vessel use. The estimate for these contracts is approximately R$ 260 million (around € 25 million).

Norwegian Giant Acquires Third Methanol Containership, Revolutionizing The Industry Worldwide

The Norwegian Shipping Company Ocean Yield AS Made a Purchase of a 5,500 TEU Containership Under Construction in Korea

The Largest Containership in the World!

Acceleration of Decarbonization

Other DOF Contracts Around the World

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

Two 17-year-old Kenyans use coconut shells, corn cobs, and recycled materials to create an exhaust filter that reduces 93.3% of pollutant particles and wins an environmental award in Africa.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

Amazon records lowest level of deforestation in eight years and preserves an area equivalent to 7,000 football fields, but progress in Roraima and isolated increase in March raise an alert

China has put millions of electric cars on the roads and now recycles up to 99.6% of used batteries, recovering lithium, nickel, and cobalt at levels that surpass Europe and the United States.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Chinese SUV priced at R$ 432,000 arrives in Brazil and challenges traditional models: GWM Wey 07 Dark Edition has 512 hp, over 5 meters, goes from 0 to 100 in 4.9 seconds, and aims to surpass SW4 in technology.

Norwegian Giant Acquires Third Methanol Containership, Revolutionizing The Industry Worldwide

The Norwegian Shipping Company Ocean Yield AS Made a Purchase of a 5,500 TEU Containership Under Construction in Korea

The Largest Containership in the World!

Acceleration of Decarbonization

Other DOF Contracts Around the World

The end of Nokia: the brand that was the cellphone of an entire generation has ended its smartphones, left Brazil, and today survives only in basic phones in India while seeking a new partner.

Dissatisfied with seeing people sleeping on the street, a man named Ryan Donais started building small mobile homes so that homeless people can escape the cold, each equipped with a bed, running water, electricity, and heating.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

Consumers eat six times more chicken than in the 1960s, global meat supply quadruples in 60 years, and FAO report reveals the invisible cost on the plate: livestock could drive 80% of the increase in agricultural emissions over the next decade.

An Indonesian fisherman pulls a mysterious object from the sea and discovers that it is a Chinese underwater monitoring system, part of the so-called Underwater Great Wall that Beijing uses to track submarines and unmanned vehicles in strategic straits of the region.

Two 17-year-old Kenyans use coconut shells, corn cobs, and recycled materials to create an exhaust filter that reduces 93.3% of pollutant particles and wins an environmental award in Africa.

Man built a 5-acre lake to raise bass, but after 1,000 days the project turned into a wildlife sanctuary with eagles, deer, ducks, owls, and live cameras that transformed the farm into a biodiversity laboratory.

Argentina confirms Belgian giant to lead strategic Paraná River waterway and promises to reduce logistical costs on one of South America’s most important routes

While old bridges still span railways around the world, in the United States a 2,300-ton structure was assembled off-site and transported by barge along the Hudson River to replace a century-old bridge.

Egypt builds a $5.5 billion monorail over Cairo with beams weighing 80 to 100 tons lifted by mobile cranes, while streets need to be blocked to erect nearly 100 km of suspended train.

While the city slept in Switzerland, a 255-ton bridge was lifted in the dark by a 1,000-ton crane in a nighttime operation with millimeter precision.

Near Amsterdam, a construction project next to the A9 highway placed 19 concrete beams in sequence on the same day, with pieces up to 31.5 meters and 60.5 tons.

Amazon records lowest level of deforestation in eight years and preserves an area equivalent to 7,000 football fields, but progress in Roraima and isolated increase in March raise an alert

China has put millions of electric cars on the roads and now recycles up to 99.6% of used batteries, recovering lithium, nickel, and cobalt at levels that surpass Europe and the United States.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

Chinese SUV priced at R$ 432,000 arrives in Brazil and challenges traditional models: GWM Wey 07 Dark Edition has 512 hp, over 5 meters, goes from 0 to 100 in 4.9 seconds, and aims to surpass SW4 in technology.