On 1 February 2024 global container shipping line Evergreen Marine Corporation (Evergreen) signed a memorandum of agreement (MOA) with X-Press Feeders, the world’s largest independent common carrier, to place its containers on X-Press Feeders’ new dual fuel green methanol vessels. X-Press Feeders is planning to run these vesselsongreen methanolandoperatethem within Europe.
As Evergreen is one of the world’s largest container shipping companies and a key customer of X-Press Feeders, the agreement is a significant statement towards a sustainable green future. The two companies will work together to launch a feeder network, which will be the first in Europe to be powered by green methanol.
The dual fuel ships will be centred at the Port of Rotterdam and cover ports in the Baltic Sea and Scandinavia. Ultimately, the 14 dual fuel ships that X-Press Feeders has on order for delivery from 2024 Q2 through mid-2026 will be operated within Europe and the Mediterranean.
The company has already signed a firm contract with Dutch fuel supplier OCI Global for the supply of green methanol, which is ISCC-EU (International Sustainability and Carbon Certification) certified.
Also known as bio-methanol, the fuel is a renewable energy source produced from the decomposition of organic matter, such as waste and residues.
The decision to add dual-fuel vessels powered by green methanol is a key element of X-Press Feeders’ pledge to reduce its greenhouse gas emissions (CO2e) by 20% by 2035, 50% by 2040 and be net zero by 2050.