CMA CGM Inks Largest Newbuild Order Worth $2.3bn

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CMA CGM made the largest single containership order in China’s shipbuilding history, with the construction of 22 containerships worth around $2.3bn, reports Platts.

Deal worth around $2.3bn

French liner major CMA CGM said April 30 it has ordered 22 new ships to be built, including 12 that will be powered by LNG.

CMA CGM signed the newbuilding contract with China State Shipbuilding Corp. for 2023-24 delivery. 

LNG-powered ships 

Six of the LNG-powered ships will have a carrying capacity of 15,000 twenty-foot equivalent units while the other six will have 13,000 TEU capacity.

Very Low Sulfur Fuel Oil

The remaining 10 ships CMA CGM ordered April 30 are 5,500 TEU vessels powered by very low sulfur fuel oil.

Carbon neutrality goal

The Marseille-based company currently operates 12 LNG-powered ships, a fleet that will grow to 32 containerships of various sizes by 2022. CMA CGM has set a goal of carbon neutrality by 2050.

LNG ships on trans-Pacific trade lanes 

CEO Rodolphe Saade announced in February it would begin deploying LNG-powered ships on trans-Pacific trade lanes from Asia to the US West Coast from October onward as more US companies seek to reduce the carbon footprint of their supply chain. 

Most of the LNG-powered ships currently deployed by CMA CGM operate on Asia-to-Europe routes.

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Source:  Platts

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