Group 1: Industry Overview - Methanol bunkering vessels are equipped with onboard methanol storage tanks, bunkering systems, and metering equipment to directly supply methanol fuel to methanol-powered ships [1][2] - As of October 2024, there are 3 operational methanol bunkering vessels globally, including the "Haigang Zhiyuan" [1][19] - The first ship-to-ship methanol bunkering was completed in January 2023 with the Stena Germanica in Gothenburg, marking a significant milestone in the industry [1][19] Group 2: Market Demand and Trends - The demand for methanol bunkering vessels is increasing as various countries and regions promote the use of methanol fuel [1][23] - The global shipping industry is under pressure to reduce carbon emissions, with methanol emerging as a key alternative fuel due to its energy efficiency and environmental benefits [8][10] - In 2024, 50.1% of new ship orders are for alternative fuel vessels, with methanol-powered ships accounting for 119 orders totaling 890,000 gross tonnage [8] Group 3: Technological Developments - The design of methanol bunkering vessels includes advanced coating technologies and materials to prevent corrosion from methanol [2][21] - The "Haigang Zhiyuan" is currently the largest operational methanol bunkering vessel and has successfully conducted significant bunkering operations [1][19] - The industry is witnessing advancements in methanol bunkering technology, with ongoing exploration and updates in ship-to-ship methanol fuel supply techniques [1][23] Group 4: Industry Players - Key companies involved in the methanol bunkering vessel sector include China Shipbuilding (600150), China Shipbuilding Industry Corporation, and China National Offshore Oil Corporation [2][4] - Several shipyards in China, such as Nanjing Jinling Shipyard and COSCO Shipping Heavy Industry, have received orders for methanol bunkering vessels [21][23] - The industry is supported by various research and design institutions, enhancing the technological capabilities in methanol bunkering vessel construction [2][4]