A ceremony for the naming and delivery of the 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 (17 January). The 49,999 DWT vessel will be chartered by MOL from Osaka Shipping Co. and 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. The company currently operates five of the 23 methanol dual-fuel tankers in service worldwide, including the Cypress Sun.
It is estimated that methanol fuel can reduce sulphur oxide (SOx) emissions by up to 99%, particulate matter (PM) emissions by up to 95%, nitrogen oxide (NOx) emissions by up to 80%, and carbon dioxide (CO2) emissions by up to 15% in comparison to burning conventional marine fuel.