TOKYO-Mitsui O.S.K. Lines, Ltd has announced a contract with Methanol Holdings (Trinidad) to build and charter four methanol carriers. The new ships will replace older vessels. 

“Global demand for methanol is expected to grow and MOL will continue expanding its services to meet the needs of a broad range of customers, building on its extensive experience and know-how as a worldwide leader in methanol transport,” MOL said in a statement.

MOL previously signed a deal with Waterfront Shipping to build two (with an option for one additional) methanol carriers with flexi fuel engines able to operate on methanol.

Press release