China Merchants Energy Shipping (CMES) has moved forward to add more capacity in the car carrier segment by signing a firm deal for two new methanol dual-fuel 9,300 ceu ships, reports Splash247.
Delivery of the vessel
The Shanghai-listed energy transport unit of China Merchants Group is paying $192m to China Merchants Industry Holdings to have the vessels delivered in the second half of 2025.
The deal, which follows a letter of intent signed in December last year, includes options for four 9,000 ceu ships priced at $96m each for delivery in the first half of 2026.
Chinese shipping companies have been bolstering their fleets in this niche area to accommodate the country’s fast-expanding international car trade. COSCO recently booked three more LNG dual-fuel 7,000 ceu newbuilds at Guangzhou Shipyard International (GSI), lifting its orderbook to 24 units set to enter the market by 2026.
Did you subscribe to our daily Newsletter?
It’s Free! Click here to Subscribe