The managing Director of the German shipbuilding company, Flensburger Schiffbau-Gesellschaft (FSG), Philipp Maracke, and the Executive Chairman of Newfoundland-based Oceanex, Sid Hynes have signed a Memorandum of Understanding (MoU) during a high-ranking German delegation trip to Canada.

Mr Maracke participated at the invitation of German Chancellor Olaf Scholz, during this visit. The goal of the MoU is to design an innovative, climate-neutral, and highly efficient ConRo (“Container RoRo”) vessel. This will be essential to future vessel replacement intended by Oceanex. The two companies plan to investigate the use of alternative fuels, including ammonia, and methanol, as well as synthetic and biofuels and hydrogen. Technologies based on and powered by these fuels will also be looked into.

Philipp Maracke said: “As a shipyard, we have ambitious goals to become a major pillar of the energy transition. FSG has already positioned itself as an innovation leader for low-emission ship designs in the past. Building on our references and expertise, we want to be a driver when it comes to energy transition in shipping,”

Sid Hynes stated that: “Our customers rely on Oceanex to provide competitive, reliable, and sustainable transportation services. Doing so with environmental leadership is top of mind, so building our fleet of vessels to ensure we’re leveraging the latest technologies and the most environmentally friendly fuel sources is critical for Oceanex. Partnering with FSG will allow us to do just that.”

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