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World’s First Methanol-Powered Car Carrier Departs Hong Kong on Maiden Voyage

Officials are using tax incentives to jump-start a methanol bunkering hub.

Overview

  • Commissioned by China Merchants Group, the 220-metre CM Hong Kong can carry up to 9,300 vehicles and its dual-fuel system is claimed to cut greenhouse gas emissions by more than 70 percent.
  • Hong Kong plans tax concessions for methanol used by outbound vessels and has invited proposals for green marine fuel storage at a Tsing Yi South site.
  • China Merchants Energy Shipping says the ship currently runs on roughly 25 percent green methanol, which costs about four times more than conventional fuel.
  • The operator calls for a tax-free supply-and-storage chain linking mainland production to Hong Kong and expects higher methanol usage from 2027.
  • Authorities report more than 130,000 tonnes of green marine fuels supplied since February, with a requirement coming next year for mass flow meters on methanol bunkering in local waters.