News / ONE hedges its bets on green fuel with methanol/ammonia-ready order

Credit Nihon Shipyard Co.

Ocean Network Express (ONE) has ordered ten vessels of 13,700teu each, designed to meet ammonia- or methanol-ready notations or approvals in principle, with carbon capture and storage (CCS).

Flush with cash after record $16.76bn profits in FY2021, the Japanese shipping giant has contracted Hyundai Heavy Industries (HHI) and Nihon Shipyard to construct five vessels each, with delivery due in 2025.

Hedging its bets, in terms of which e-fuel reaches critical mass first, ONE is maintaining flexibility in its choice of green fuel. ...