3 days ago
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PRESIDENT Ferdinand Marcos Jr. said that leading shipbuilder Tsuneishi Shipbuilding Co. Ltd. would build the world's first methanol dual-fueled bulk carrier in Cebu.
The President made the remarks after he met with executives of Tsuneishi Shipbuilding Co. Ltd. in Osaka, Japan, on Friday to discuss the strategic partnership between the Philippines and Japan in sustainable shipbuilding and industrial development.
"The future of shipbuilding is taking shape in the Philippines," Marcos said in a statement posted on his social media.
"With Japan's Tsuneishi Holdings, we're building the world's first Methanol Dual-Fueled Kamsarmax Bulk Carrier at our Cebu facility, a game changer for clean and smart shipping. It's proof of what we can achieve through innovation, strong partnerships and the talent of the Filipino workforce," he added.
Tsuneishi completed the first block loading for Kamsarmax on April 21 this year, said a statement uploaded on the Japanese firm's website.
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"This methanol-fueled vessel is a new type of vessel that combines environmental performance with economy, based on environmental, social and governance principles," the firm said.
"It incorporates innovative environmentally friendly technologies aimed to maintaining and improving the lifetime value of the vessel," it added.
The vessel is scheduled to be launched in July 2025 and delivered in January 2026.
One of the world's top shipbuilders, Tsuneishi has been a key player in the international maritime industry since 1917, accounting for a significant share of the global market for medium-sized bulk carriers.
The Japanese shipbuilder specializes in building bulk carriers, container ships and tankers, and operates shipyards in the Philippines, Japan and China with business offices across Asia and Europe.
Strengthening its presence in the Philippines, Tsuneishi is entering the fifth phase of expansion of its shipyard in Balamban, Cebu, with investments on new capital equipment and enhanced research and development capabilities.
