The new orders are valued at approximately $150 million. The contract was awarded to MHI, a leading global provider of marine and offshore solutions, by a major shipping company.

The Benefits of Dual-Fuel Engines

The introduction of dual-fuel engines has the potential to significantly reduce greenhouse gas emissions from the shipping industry. By allowing vessels to run on both methanol and heavy fuel oil, these engines can help to decrease the carbon footprint of maritime transportation. • The use of methanol as a fuel source is particularly beneficial, as it produces significantly fewer emissions than traditional heavy fuel oil. • Methanol is a cleaner-burning fuel that can reduce CO2 emissions by up to 80% compared to traditional heavy fuel oil.

The company will also focus on developing new technologies and products to support sustainable shipping.

Examples of Sustainable Shipping

Mitsubishi Shipbuilding has already implemented several initiatives to promote sustainable shipping practices. For example, the company has developed a new type of ferry that uses advanced wind-assisted propulsion systems to reduce fuel consumption and emissions.