Cosco orders $3bn methanol-fuelled ultra-large boxships

摘要

COSCO Shipping Holdings, which controls the world's fourth largest containership fleet, has jumped on the bandwagon of methanol-fuelled tonnage, with massive newbuilding orders. The Shanghai- and Hong Kong-listed company has ordered a dozen dual-fuel 24,000 teu vessels worth nearly $2.9bn that can run on the alternative fuel, according to a stock exchange filing. The newbuildings, priced at $240m each, will be constructed by Nantong Cosco KHI Ship Engineering, a 50-50 joint venture between Cosco and Japan's Kawasaki Heavy Industries, and its sister yard Dalian Cosco KHI Ship Engineering.