What's Happening?
COSCO Shipping Lines has placed an order for 12 dual-fuel engines from Everllence, marking the 2,000th order for Everllence's two-stroke portfolio. These engines, featuring EcoEGR technology, will be installed in a series of 18,000 TEU container vessels under construction at Jiangnan Shipyard in China. Everllence's dual-fuel strategy supports decarbonization and fuel flexibility, with engines capable of operating on alternative, low-emission fuels. The company is also enhancing its engines with digital connectivity for real-time performance optimization.
Why It's Important?
This milestone order underscores the growing demand for environmentally friendly marine propulsion technologies. As the shipping industry seeks to reduce emissions, dual-fuel engines offer a viable
solution by allowing seamless switching between traditional and alternative fuels. COSCO's investment in these engines reflects a broader industry trend towards sustainability and compliance with international emissions regulations. The adoption of dual-fuel technology can significantly impact the industry's carbon footprint and operational efficiency, influencing future shipbuilding and retrofitting decisions.
What's Next?
Everllence plans to continue its focus on dual-fuel technology, leveraging its decade of experience to improve engine performance and expand its market share. The company is likely to see increased demand for its engines as shipping companies prioritize sustainability. COSCO's order may prompt other shipping lines to consider similar investments, accelerating the industry's transition to low-emission technologies. Regulatory developments and environmental policies will play a crucial role in shaping the adoption of dual-fuel engines.
