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KSOE wins USD 2.05 billion order to build 12 methanol-powered VLCCs

02 Feb 2023

Korea Shipbuilding & Offshore Engineering Co. (KSOE) reportedly secured a whopping 2.53 trillion-won (USD 2.05 billion) order to build 12 methanol-powered very large container ships from a European shipper, according to South Korean press Yonhap News Agency on Wednesday (1 February)

The vessels will be built by KSOE’s subsidiary Hyundai Samho Heavy Industries Co. at its shipyard in the southwestern port of Yeongam.

KSOE said the ships will be delivered to the unidentified shipping company in stages by December of 2026.

The firm has obtained orders for 47 methanol-fueled container vessels since August 2021, the largest among global shipyards, according to Yonhap. 

The order has been widely linked to French CMA CGM although there has been no confirmation, according to several media reports.  

According to classification society DNV’s 2022 round up of order figures from its Alternative Fuels Insights (AFI) platform, methanol was the second most popular alternative fuel choice, with 35 ships ordered, bringing the total count to 82 ships.

Manifold Times previously reported CMA CGM plans to double its order for methanol-fuelled container ships from China with six more 15,000 TEU methanol-powered boxships.


Related: DNV: LNG fueled ships led total 2022 orders for ships with alternative bunker fuels
Related: CMA CGM plans to order six more methanol-fuelled boxships from China
Related: CMA CGM orders 10 LNG dual fuel vessels, six methanol dual fuel ships


Photo credit: Aymane Jdidi
Published: 2 February, 2023

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