HomeEverythingEducation
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

Seaspan and Hapag-Lloyd Complete First Methanol Retrofit

Created at 3 Jun · 10:12 AM4 sources↑ Market-relevant4 events
IN SHORT

Seaspan Corporation and Hapag-Lloyd have successfully completed the first of five planned methanol retrofits for their vessels as part of the Project SAVER CleanBlue initiative. This marks a significant step in reducing maritime emissions and decarbonizing shipping operations.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

5vessel conversions planned

Who's Involved

Seaspan Corporation
Global leader in maritime asset ownership and management
Hapag-Lloyd
Leading container liner completing vessel retrofits

↳ Why This Matters

This successful retrofit demonstrates a tangible step towards decarbonizing the shipping industry, a sector responsible for significant global emissions, potentially influencing future fuel choices and investment in alternative maritime technologies.

Key facts

  • Seaspan Corporation and Hapag-Lloyd completed the first of five planned methanol retrofits.
  • The project is named Project SAVER CleanBlue.
  • The initiative aims to reduce maritime emissions.
  • This is the first successful conversion of a vessel to run on methanol fuel.

Seaspan Corporation, a prominent maritime asset owner and manager, and Hapag-Lloyd, a major container liner, have announced the successful completion of the first of five planned methanol retrofits for their vessels. This milestone, achieved under the Project SAVER CleanBlue initiative, signifies a crucial advancement in the shipping industry's efforts to adopt cleaner fuel alternatives and reduce its environmental impact. The conversion of vessels to run on methanol is a key strategy in decarbonizing maritime transport and meeting global emissions reduction targets. The first vessel delivered under this project is the Seaspan Yangtze.

Frequently asked questions

Project SAVER CleanBlue is an initiative by Seaspan Corporation and Hapag-Lloyd to convert vessels to run on methanol fuel, aiming to reduce maritime emissions.

Seaspan Corporation, a maritime asset owner and manager, and Hapag-Lloyd, a container liner, are the main entities involved in this project.

It marks the first successful conversion of a vessel to methanol fuel as part of a larger fleet-wide initiative to decarbonize shipping operations.

What Happens Next

01Completion of the remaining four methanol retrofits under Project SAVER CleanBlue.

Get the newsletter.

Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

Cadence
CME Headlines
  • Live Cattle futures fell as liquidation trend extended.
    8 Jul · 8:17 PM
  • Live Cattle futures fell as liquidation trend extended.
    8 Jul · 8:17 PM
  • Grain futures turned lower as wheat snapped six-day rally.
    8 Jul · 8:06 PM

How It Developed

3 Jun · 9:14 PM
Projekt SAVER CleanBlue: Seaspan und Hapag-Lloyd schließen erste Methanol-Umrüstung ab
PRN | All News Releases via PiQSuite
3 Jun · 9:13 PM
The article confirms the successful completion of the first of five planned methanol retrofits by Seaspan and Hapag-Lloyd.
PRN | All News Releases via PiQSuite
3 Jun · 8:49 PM
The article restates earlier reporting on the completion of the first methanol retrofit by Seaspan and Hapag-Lloyd.
PRN | All News Releases via PiQSuite
3 Jun · 10:02 AM
Seaspan and Hapag-Lloyd finished retrofitting the first of five vessels to run on methanol.
PRN | All News Releases via PiQSuite

Sources

T1
Project SAVER CleanBlue: Seaspan and Hapag-Lloyd Complete First Methanol Retrofitm.piqsuite.com
T1
Proyecto SAVER CleanBlue: Seaspan y Hapag-Lloyd completan la primera adaptación para metanolm.piqsuite.com
T1
Projekt SAVER CleanBlue: Seaspan und Hapag-Lloyd schließen erste Methanol-Umrüstung abm.piqsuite.com
T1
Projet SAVER CleanBlue : Seaspan et Hapag-Lloyd achèvent la première modernisation au méthanolm.piqsuite.com

Related Stories

TotalEnergies ships first LNG from Mexico project to Asia
8 Jul · 8:06 PM
FGV Malaysia expands B100 biodiesel trial to plantation operations
8 Jul · 11:45 AM
US container imports jump 8% in June amid tariff and fuel cost fears
8 Jul · 9:09 AM
SABIL unloads first wheat vessel at Port of NEOM
8 Jul · 1:25 PM
Pertamina, Boeing to Explore Sustainable Aviation Fuel Development
9 Jul · 1:14 AM