You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Solstad-SBM JV Orders Methanol-Ready Offshore Installation Vessel Solstad-SBM JV Orders Methanol-Ready Offshore Installation Vessel by Ship & Bunker News Team Wednesday June 24, 2026 Tweet Follow @shipandbunker The ship is expected to be delivered in 2029. Image Credit: Solstad A joint venture between Solstad Offshore and SBM Offshore has ordered an offshore installation and construction vessel suitable for conversion to methanol propulsion. The order has been placed with China's CIMC Raffles , the shipbuilder said in a LinkedIn post on Tuesday . The vessel will be owned by the newly formed joint venture, in which Solstad holds a 50.1% stake and SBM Offshore 49.9% , and will operate under an initial 14-year charter agreement with SBM Offshore. Methanol is seen as one of the more practical alternative fuels because it can be handled using relatively familiar infrastructure compared with some other emerging marine fuels. Several shipowners have ordered and taken delivery of methanol-ready vessels in recent years, but most are still operating on conventional fuels and have yet to be retrofitted for methanol use. The vessel is expected to be delivered in the first half of 2029 . Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News Consortium Explores Installing Nuclear Fusion Reactor on Ship The consortium aims to assess whether nuclear fusion technology can be safely and practically deployed at sea. Read in Full Biofuel Trial Planned for RORO Vessel at Japan's Hakata Port Domestic shipping firm Kinkai Yusen will test a B24 biofuel blend on its vessel