MHTL CEO Dennis Patrick

Proman has announced that it has taken delivery of the first of its new generation methanol-powered ships

Proman Stena Bulk, a joint venture between leading global methanol producer Proman and one of the world’s largest tanker shipping companies Stena Bulk, yesterday confirmed that the first methanol-powered new build vessel under its partnership has been delivered and is preparing for commercial operation.

A statement from Proman said the 49,990 DWT Stena Pro Patria is the first of six state-of-the-art, IMOIIMeMAX dual-fuel mid-range (MR) tankers being built at Guangzhou Shipyard International Co Ltd (GSI) in China for Proman Stena Bulk and Proman.

The Stena Pro Patria will leave GSI Shipyard to bunker in Ulsan, South Korea and will arrive in T&T for her naming ceremony later this year.

“This is significant for Trinidad and Tobago, being the first such naming ceremony for a methanol newbuild ship to be hosted in-country,” the statement said.

It added that Stena Pro Patria is named in honour of Dennis Patrick, an integral member of the Proman family and long-standing former CEO of Proman’s subsidiary Methanol Holdings (Trinidad) Ltd (MHTL), who passed away in 2019.

According to the statement the vessel will run on methanol, representing Proman Stena Bulk’s commitment as part of the shipping industry’s sustainable fuels pathway.

Additionally, with an expected consumption of 12,500 tonnes of methanol marine fuel per annum, the Stena Pro Patria will be a low-emission vessel, eliminating local pollutants including SOx and particulate matters, cutting NOx emissions by 60 per cent and reducing CO2 emissions versus conventional marine fuels.

The statement said the delivery of the Stena Pro Patria represents an important milestone for Proman Stena Bulk, noting that it is a significant step forward as the joint venture continues to support the development of methanol as a proven marine fuel and the role it can play as part of global shipping’s urgent transition to a more sustainable future.

David Cassidy, CEO of Proman also noted, “The delivery of the Stena Pro Patria represents a major milestone for the success of our joint venture with Stena Bulk, as well as sending an important message to the market – that methanol is a reliable and available marine fuel that can reduce global shipping emissions in the short, medium and long term.

“The vessel’s state-of-the-art fuel consumption and engine technology are important steps towards more sustainable shipping; it will be vital as new low emission fuels emerge to also focus on energy efficiency.”

Erik Hånell, president and CEO of Stena Bulk said it is only through such collaboration that climate goals can be met.

Anita Gajadhar, MD of Proman Shipping, Marketing and Logistics added that the delivery is just the beginning of the low-emission methanol transition for the company’s own vessels, and moving forward, for third-party shipping companies too.

According to the statement, being a pioneer in the petrochemical industry, T&T has a remarkable opportunity to benefit from this development as a leading producer of methanol, adding that its existing Point Lisas plants and infrastructure are well-positioned to enable emissions reduction targets across the maritime sector.

Two further vessels, the Stena Pro Marine and Stena Promise are also due for delivery later this year.