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Newbuilding

Cosco Shipping Bulk orders eight methanol-ready bulk carriers

Firm signed a contract with Xiamen Financial Leasing and Nantong Xiangyu Shipbuilding & Offshore Engineering for the construction of eight 64,000DWT bulk carriers.

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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

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Newbuilding

LR launches Newbuild Advisory service, guide on major North Asian shipyards

Advisory service is designed to support shipowners, operators, yards, and investors throughout the design and build process while updated guide gives detailed insight into shipyards across China, Korea and Japan.

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RESIZED Chris Pagan

Classification society Lloyd’s Register (LR) on Tuesday (2 June) said it is growing its role in the newbuilding market with the launch of its Newbuild Advisory Service and updated New Construction Guide.

With global demand continuing to reshape shipyard orderbooks, owners are balancing a growing number of considerations during the planning phase of newbuilding projects, including fuel readiness, delivery timelines, technical capability and long-term operational requirements.

Launching at Posidonia 2026, the Newbuild Advisory service is designed to support shipowners, operators, yards, and investors throughout the design and build process, helping them to manage risk, optimise performance, and make informed decisions from concept through to delivery.

Drawing on experience from more than 500 new building projects, the Newbuild Advisory Service helps clients make better design and technology choices upfront, giving greater control over cost and schedule as projects progress, and reducing the risk of misalignment between owner expectations and yard execution.

It also adds a layer of independent oversight, with a focus on build quality, efficiency and long-term asset performance.

Sujith Tooneri, Global Head – Newbuild Advisory Services, LR, said: “Ship newbuilding for the future starts with making the right decisions today, and these decisions will shape the next generation of maritime operations.

“LR’s Newbuild Advisory Services provide expert guidance from concept to delivery, helping you design, specify and implement solutions that meet tomorrow’s standards. From concept, regulatory impact and risk to GHG reduction strategies and integrating innovative technologies, we ensure your fleet is smarter, safer and future ready.”

Alongside the Newbuild Advisory Service launch, LR is introducing an updated New Construction Guide, providing detailed insight into major North Asian shipyards, on yard capabilities, experience and regional strengths in a single, easy-to-use tool.

The guide brings together independent shipyard intelligence across China, Korea and Japan to help owners, operators and project teams compare options more confidently before entering newbuild discussions.

The guide reflects LR’s extensive knowledge of key shipyards, regional shipbuilding activity and newbuilding considerations, combined with its technical expertise across classification, plan approval, technical advisory and digital support services.

Sherry Li, Global Head of New Construction, LR, said: “Selecting the right shipyard has become more complex as owners balance delivery schedules, fuel transition strategies and changing market requirements. Clients need reliable insight early in the process to help them make confident decisions and reduce uncertainty around newbuilding projects.

“Our updated New Construction Guide reflects LR’s depth of knowledge across key shipbuilding regions, particularly North Asia. It is designed to give clients practical support as they evaluate shipyard capability, plan future fleet investment and navigate increasingly complex construction requirements.”

The Newbuild Advisory Service and updated New Construction Guide will be featured at the LR stand during Posidonia, as part of broader engagement with owners, yards and charterers on the next phase of newbuild activity.

 

Photo credit: Chris Pagan on Unsplash
Published: 3 June, 2026

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Methanol

Maritime Blue calls for proposals on methanol bunker barge design

Maritime Blue, in collaboration with the Port of Seattle, Port of Tacoma, Northwest Seaport Alliance, and ABS, is seeking a naval architecture firm to develop design schematics for a methanol bunker barge.

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RESIZED Venti Views on Unsplash

Maritime Blue, in collaboration with the Port of Seattle, Port of Tacoma, Northwest Seaport Alliance, and American Bureau of Shipping (ABS), is seeking a qualified naval architecture firm to develop design schematics for a methanol bunker barge.

A Request for Proposals (RFP), issued on 11 May, invited companies to submit a proposal for the barge, which will be used as the supply ship in a ship-to-ship methanol bunkering exercise during a high level risk assessment workshop planned for September 2026. 

The design is intended for a desktop exercise to identify operational requirements and safety gaps for green methanol bunkering in the Seattle-Tacoma Gateway.

The bunker barge is expected to have a methanol capacity of approximately 30,000 bbls but contractors may propose alternative capacities with justification. 

The receiving ship for the workshop has not been selected yet, but is anticipated to be a cargo, container, cruise, or ro-ro ship.

Maritime Blue said the submission deadline for the proposals is 1 June at 3pm PDT.

 

Photo credit: Venti Views on Unsplash
Published: 29 May, 2026

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Newbuilding

Fratelli Cosulich readies methanol-ready bunker tanker for maiden voyage to Singapore

Vessel will now commence preparations for her maiden voyage to Singapore, where it is expected to support the Group’s ongoing bunkering operations and further strengthen its presence in the city-state.

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Fratelli Cosulich readies methanol-ready bunker tanker for maiden voyage to Singapore

Marine fuel supplier Fratelli Cosulich on Wednesday (20 May) said it celebrated the delivery of Anna Cosulich, one of the Group’s new generation of methanol-ready IMO II bunker tankers developed within its fleet expansion programme.

Delivered at the Taizhou Maple Leaf Shipyard (China), the vessel marked another important milestone for the Marine Energy business unit. 

The vessel will now commence preparations for her maiden voyage to Singapore, where it is expected to support the Group’s ongoing bunkering operations and further strengthen its presence in one of the world’s leading bunkering hubs. 

“All necessary arrangements and preparations are being carried out to ensure a smooth transition into operations ahead of her voyage,” the company said. 

“We wish Anna Cosulich and her crew a safe voyage ahead and fair winds on her maiden journey to Singapore.”

 

Photo credit: Fratelli Cosulich
Published: 21 May, 2026

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