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12 dual-fuelled boxships on order

Cosco sets its sights on methanol

by Port News Editorial Staff

COSCO Shipping Holdings is betting heavily on methanol to achieve its goal of climate neutrality by 2050.

The company, which now controls the fourth largest container fleet in the world, has announced that it has placed an order for a dozen new 24,000 TEU capacity, dual-fuelled vessels.

The newbuildings will cost 240 million dollars each. They will be built partly by Nantong Cosco KHI Ship Engineering, a fifty-fifty joint venture between Cosco and Japan’s Kawasaki Heavy Industries, and partly by its Dalian Cosco KHI Ship Engineering yard.

Delivery is set to be between the third quarter of 2026 and the third quarter of 2028.

Translation by Giles Foster

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