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Chempricehub Key Reminder: Launch of Nantong Methanol Ship Drives Surge in Demand
Published on 2026-01-30
January 30th — Recently, the world's first 24,000 TEU methanol dual-fuel container ship, independently developed by Nantong COSCO KHI Ship Engineering Co., Ltd. (NACKS), was successfully launched. Equipped with a methanol dual-fuel power system, the vessel enables "carbon-neutral" operations and has overcome core technologies such as methanol fuel tank safety and intelligent construction of ultra-large hulls. This achievement marks a breakthrough in China's green shipping technology and is expected to drive a surge in methanol demand for shipping (global marine methanol demand is projected to increase by 30% year-on-year by 2026). Chempricehub's analysis of methanol shows a bullish-bearish score of 1.5. The article describes the successful launch of the world's first 24,000 TEU methanol dual-fuel container ship developed by Nantong COSCO KHI Ship Engineering, which utilizes a methanol dual-fuel system to achieve carbon-neutral operations and has overcome core technologies. It is projected that global marine methanol demand will increase by 30% year-on-year by 2026. This breakthrough technology is expected to significantly boost the application demand for methanol in the shipping sector, leading to tighter supply in the spot market and driving up spot prices. A score of +1.5 indicates a relatively strong bullish outlook, as the demand growth expectations are significant and sustainable. However, attention should be paid to the actual implementation progress and capacity response.