Bahri Chemicals is to time-charter two methanol-powered chemical carriers, Stena Provident and Stena Progressive, in a five-year agreement with Proman, the world’s second largest methanol producer, to transport various products globally.
The vessels were officially named during a ceremony hosted at Guangzhou Shipyard International (GSI) in China, where both ships were built, last November. The vessels are the final two of an initial six-strong methanol-fuelled tanker fleet commissioned through the partnership between Proman and Stena Bulk.
Faisal Al Husseini, President of Bahri Chemicals stated: “The path to carbon reduction in the maritime transportation ecosystem is multi-faceted and we at Bahri Chemicals believe methanol is an important component of that equation. As the flagship carrier of the Kingdom of Saudi Arabia and the largest owner and operator of IMO2 MR vessels, we strive to continually play a vital role in protecting the environment and setting industry standards.”
Compared with conventional marine fuel, methanol cuts nitrogen oxides (NOx) by up to 80 % and virtually eliminates sulphur oxides (SOx) and particulate matter, delivering immediate cleaner air benefits. It is also biodegradable in water, compatible with existing technology, easy to handle and widely available at over 120 ports globally.