Cosco Shipping Bulk on Tuesday (12 March) signed a contract with Xiamen Financial Leasing and Nantong Xiangyu Shipbuilding & Offshore Engineering Co Ltd for the construction of eight methanol ready bulk carriers.
The eight 64,000DWT methanol ready ships will adopt new ship technologies and will run on methanol bunker fuel.
Compared to similar ships in China and in the international market, the ships will have a larger load capacity, lower fuel consumption, and achieve more fuel efficiency.
“Cosco Shipping Bulk ranks first in the world in terms of its own dry bulk cargo capacity,” Lin Junjie, Vice President of Xiamen Xiangyu Group and Chairman of Nantong Xiangyu Shipbuilding & Offshore Engineering Co Ltd said at the signing ceremony.
“We believe that with its shipping experience and strong operational capabilities, these eight methanol ready ships will surely win over more customers and create greater value with their high-quality service and excellent performance.”
“We hope to take this signing as a starting point to start a new voyage with Xiamen Financial Leasing and Cosco Shipping Bulk, and sail towards a broader prospect in the vast ocean of the shipping market.”
Manifold Times previously reported China COSCO Shipping Co., Ltd. (COSCO Shipping) and Shanghai Electric Group Co., Ltd. (Shanghai Electric) signing a strategic cooperation agreement in Shanghai to cooperate on developing green methanol.
Cosco Shipping Energy Transportation entered a shipbuilding contract for six methanol-fuelled tankers with Cosco Shipping Heavy Industry.
In December 2023, Cosco Shipping signed a Memorandum of Understanding (MoU) with bp to expand their scope of strategic cooperation into new areas including lubricant supply, methanol bunker fuel supply for bunkering and offshore wind supply chain.
Disclaimer: The above article published by Manifold Times was sourced from China’s domestic market through a local correspondent. While considerable efforts have been taken to verify its accuracy through a professional translator and processed from sources believed to be reliable, no warranty is made regarding the accuracy, completeness and reliability of any information.
Related: China: Cosco Shipping and Shanghai Electric to partner in green methanol bunker fuel
Related: Cosco Shipping Energy Transportation orders six methanol-fuelled tanker newbuilds
Related: China: Cosco Shipping and bp to explore collaboration in methanol bunker fuel
Photo credit: David Yu from Pixabay
Published: 21 March 2024
