
MAN Energy, COSCO Partner on Decarbonization-Based Retrofits
COSCO will contribute its engineering, procurement, and construction work for large-scale ship modifications, while MAN will deliver engine and digital technology solutions.
MAN Energy Solutions and COSCO Shipping Heavy Industries (CHI) agreed to collaborate on future decarbonization-centric retrofit projects, specifically modifying existing ships to fire low-carbon alternative fuels like methane, methanol, and ammonia, all of which may be produced via power-to-X methods. Currently, MAN and CHI are partnered on two key projects for container-ship-owning companies.
“I am pleased to announce that CHI and MAN Energy Solutions, having served shared clients in their respective domains, are now forging a closer collaboration in vessel decarbonization,” said Guo Zhiqiang, Deputy General Manager, CHI Commercial Headquarters. “Starting today, our integrated one-stop solutions will inject new impetus into the green transition of the global maritime industry.”
Under this new partnership, CHI will leverage five shipyards to repair and modify approximately 1,500 vessels per year, in addition to using its engineering, procurement, and construction experience for large-scale ship modification projects.
“This framework agreement facilitates MAN Energy Solutions’ partnership with CHI, one of the largest repair-yard groups in the world,” said Michael Petersen, Senior Vice President, Head of MAN PrimeServ Denmark. “The agreement means that we can join forces on many future projects to ensure the decarbonization of the existing commercial fleet worldwide. Today, there are some 4,500 vessels globally with the potential to benefit from changing their current bunker fuel to more environmentally friendly options. We look forward to working with CHI to deliver new decarbonization solutions to the maritime industry.”
On MAN Energy’s side, the company will combine its dual-fuel engine-retrofit technology and digital-based energy efficiency software with CHI’s repair and modification services, decarbonizing merchant fleets on a global scale.
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