Terntank acquires charters for new methanol and wind-capable product tankers Ship’s crew

Finland-based Neste has announced a partnership with Swedish shipping company Terntank Rederi A/S to time-charter two state-of-the-art, lower-emission methanol and wind-assist product tankers.

The next-generation product tankers are designed to transport various liquid cargoes, including renewable feedstocks such as waste and residual oils and fats, to Neste’s refineries where they are processed into products such as renewable diesel and sustainable aviation fuel (SAF) before delivery transported to their final destinations.

Terntank ordered the vessels in November 2022. The new Kongsberg-designed tankers will be built at CMHI-Jinling Shipyard in Yangzhou, China, with deliveries scheduled in the second half of 2025 and early 2026. Each ship can transport up to 15,000 tons of chemicals and shines with innovative features such as foldable suction sails and a dual-fuel engine that uses e-methanol as fuel. E-methanol, made with Power-to-X technology, uses captured carbon and renewable energy sources.

The tankers will be ice strengthened and equipped with Terntank’s Hybrid Solution® electrical power system, a battery pack and shore power connection, enabling them to run on low-emission fuels such as e-methanol to achieve the goal of net-zero emissions.

The tankers will emit 40 percent more CO2 than previous ships, and wind assist will reduce emissions by a further 8 percent. The efficient design will result in an EEDI that is between 16 and 40% below the 2025 phase 3 requirements.

“It’s great to have Neste back as a time charter partner after 10 years,” says Terntank owner Tryggve Möller. “We are pleased to provide them with the state-of-the-art product tankers and innovative technologies to minimize the environmental impact of shipping and work together towards the goals of carbon neutrality.”

Lauri Helin, Neste’s Vice President Logistics and Operations, Oil Products, was enthusiastic about the partnership and highlighted how it reinforces Neste’s commitment to sustainability and reducing emissions throughout its value chain. “With these ships, we continue to reduce emissions and the environmental impact of transportation. We are excited to partner with Terntank,” she said.

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