This week Waterfront Shipping received Lloyd's List Americas 2018 Best Fuel Solution Award for their investment in sustainable marine technology! This award recognizes improvements in fuel efficiency, and environmental performance, including efforts to bring forward low emission sustainable fuel technology to the market. What a great achievement for Waterfront Shipping and for methanol’s recognition as a clean burning, economical alternative marine fuel for the future. Paul Hexter, President of Waterfront Shipping was in attendance to receive the Award.
In 2016, in collaboration with Mitsui O.S.K. Lines, Ltd., Westfal-Larsen Management, and Marinvest/Skagerack Invest, Waterfront Shipping invested in and delivered seven of the world’s first methanol fueled ocean going vessels. These innovative vessels are built with the first-of-their kind dual fuel engines that can run on clean burning methanol, fuel oil, marine diesel oil or gas oil to enable fuel flexibility, support economics and lower emissions. Due to the success of this technology Waterfront Shipping announced that this year they invested in another four vessels – resulting in 40% of their fleet powered by clean-burning methanol fuel technology in the coming year.