A ceremony for the naming and delivery of MOL´s vessel Cypress Sun, a dual-fuel methanol carrier that can run on either methanol or conventional heavy fuel oil, was held at Hyundai Mipo Dockyard on Tuesday.
The 49,999 deadweight vessel will be chartered by Mitsui O.S.K. Lines (MOL) from Osaka Shipping, while Canada-based Waterfront Shipping Company will charter the vessel from MOL under a long-term contract.
The Cypress Sun is a sister ship to the Capilano Sun, which was delivered in 2021 and also chartered by MOL to Waterfront Shipping Company.
The delivery of Cypress Sun brings the number of methanol carriers in MOL’s fleet to 19.
MOL has been expanding the number of dual-fuel vessels, which can run on methanol, since 2016. Currently, the company, operates five of the 23 methanol dual-fuel tankers in service worldwide, including the Cypress Sun.