<article><p class="lead">Japanese container liner Ocean Network Express (ONE) has committed to build 10 vessels that will be capable of using lower-carbon, alternative marine fuels.</p><p>The firm signed contracts with Hyundai Heavy Industries (HI) and Nihon Shipyard, which will each build five 13,700 twenty foot equivalent unit (TEU) vessels, all for delivery in 2025. All 10 will be methanol- and ammonia-ready and capable of carbon storage, and will add to the company's fleet of more than 200.</p><p>ONE has an objective to achieve net-zero emissions by 2050, and has looked at other fuel options including a <a href="https://direct.argusmedia.com/newsandanalysis/article/2320236">recent successful trial</a> of a marine biofuel, supplied by BP, on a route from southeast Asia to Durban, South Africa.</p><p>Ammonia and methanol are two alternative fuels under consideration by the maritime industry as low carbon alternatives, among others. <i>Argus</i> assessed methanol in Rotterdam, Europe's largest bunkering port, at a $45.50/t discount to very low sulphur fuel oil (VLSFO) yesterday, 30 May, and ammonia delivered to northwest Europe at a $1,618/t premium to VLSFO.</p><p class="bylines">By Jonah Sweeney</p></article>
