Vale S.A., the Brazilian multinational company, moves on to charter 10 newbuild very large ore carriers (VLOC) that will be powered by Everllence B&W ME-LGIM (liquid gas injection methanol) engines, Germany-headquartered Everllence (formerly MAN Energy Solutions) said in its release.
The 325,000-dwt vessels are being built at Qingdao Beihai shipyard for two Chinese shipping companies.
Specifically, Qingdao Beihai shipyard has ordered 10 × Everllence B&W 7G80ME-LGIM (liquid gas injection methanol) Mk 10.5 engines in connection with the construction of ten very large ore carriers for Shandong Shipping Corp. and Bohai Ocean Shipping Co Ltd.
Each engine will come accompanied by an Everllence proprietary EGRTC (exhaust gas recirculation – turbocharger cut-out) system for Tier III NOx compliance.
Upon completion, the vessels will immediately go out on charter to Vale S.A., Everllence said, sailing from Brazil to China with loads of iron ore.
Bjarne Foldager, head of two-stroke business, Everllence, noted: “Over the years we have experienced a wave of ME-LGIM orders and it is encouraging to see prominent players demonstrating their decarbonisation credentials in taking these vessels on charter. In a multi-fuel future, we expect methanol to figure prominently across all vessel segments and these newbuildings will be capable of trading carbon-neutrally when powered by green methanol.”
“With more than 230 orders and over 600,000 running hours accumulated whilst running on methanol, the ME-LGIM engine has proven itself and become the de facto industry standard for the methanol propulsion of large merchant-marine vessels,” Christian Ludwig, head of sales and promotion, Everllence, said. “As the engines are readily available and methanol dual-fuel types have a lower capital outlay compared to other, alternative fuel-propulsion solutions for ships, we fully expect to add even more orders within the bulk-carrier segment in the near future.”
