Hapag-Lloyd and Seaspan Complete First Methanol-Powered Container Ship Conversion in Industry Milestone

Summary

Hapag-Lloyd and Hong Kong-based shipowner Seaspan Corporation have completed the methanol conversion of the 10,100 TEU vessel Seaspan Yangtze, the first such retrofit project undertaken by the two partners. The milestone conversion is among the earliest large-scale methanol dual-fuel retrofits in the container shipping industry, validating a decarbonization pathway for existing tonnage. The project aligns with tightening FuelEU Maritime regulations and IMO mid-term measures expected to take effect in the coming years, making methanol-capable vessels increasingly attractive for charter markets and green corridor compliance.