China’s COSCO Shipping Holdings has confirmed reports that it is planning a major ship expansion program that they have signed orders for 12 new 24,000 TEU containerships, says an article published on The Meditelegraph.
Program announcing
China’s COSCO Shipping Holdings has confirmed earlier reports that it is planning a major ship expansion program announcing on October 28 that they have signed orders for 12 new 24,000 TEU containerships.
Dual-fuel powered
The vessels will be methanol dual-fuel powered, designed to support its long-term growth strategy and transition to green shipping.
The new orders are valued at $239.85 million per ship for a total of just under $2.9 billion.
Ultra-large vessels
The new vessels will be built in two tranches, with five of the ships coming from Dalian Cosco KHI Ship Engineering (DACKS), a joint venture shipyard with Kawasaki Heavy Industries.
This group of ultra-large vessels will be delivered between February 2027 and June 2028 for operation by the COSCO branded shipping line.
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Source: The Meditelegraph
