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Methanex's shipping subsidiary orders new methanol-powered vessels

10:38 AM MST | December 10, 2013 | Natasha Alperowicz

Waterfront Shipping (Vancouver, BC), the marine transportation subsidiary of Methanex, said on Monday that it has reached an agreement with Mitsui O.S.K. Lines (MOL; Tokyo), Westfal-Larsen & Co. (WL; Bergen, Norway), and Marinvest/Skagerack Invest to build six new ships, with an option for building an additional three, all to be delivered during 2016. These 50,000-dwt vessels will be built with fuel engines running on methanol, fuel oil, marine diesel oil, or gas oil.   Waterfront Shipping specializes in the transportation of bulk chemicals and clean...

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