Order for the construction of 42 bulk carriers by China Shipping Line
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According to this report, Casco Heavy Industries is responsible for building 20 bulk carriers and CSSC subsidiary Chengxi Shipyard is responsible for building 22 ships. are in charge of the other. Based on this contract, five ships of 64,000 tons, two ships of 82,000 tons and 35 ships of 80,000 tons with a total order value of more than two billion dollars have been signed.style=”text-a..”>
In continue the report states that the ships that will be delivered between 2026 and 2027 will be delivered by COSCO SHIPPING. Bulk will be leased on a long-term basis. These ships will be energy efficient and environmentally friendly, and some of them are designed to run on methanol fuel.
According to the words of one of the officials of Casco company, the new ships will be equipped with the world’s most powerful permanent magnet generator and intelligent systems. . These vessels will comply with the third phase of EEDI energy efficiency indicators and the latest cyber security regulations.
The Chinese COSCO shipping company plans to focus on new methods of digital intelligence and green and low-carbon transportation in the future, and work in line with innovative methods and accelerating the advancement of technologies. This company currently owns more than 140 container ships, bulk carriers and multi-purpose ships.
It is worth noting that COSCO Heavy Industries and COSCO Shipping Container Lines recently signed a contract to build twelve 14,000 TEU container ships worth two billion dollars with dual-fuel methanol propulsion.
Investment of a Taiwanese company to build 12 container ships
Taiwanese One Hai Shipping Company has signed a contract with South Korea’s Hyundai Company to build eight 8,000 TEU ships and four 8,700 TEU ships in August. With these new orders, Wanhai is only 100,000 TEUs away from Taiwan’s Yangming company, which is ranked 10th.
Van Hai Company has delivered 12 container ships with capacities of 3055 TEU and 13100 TEU this year. The current fleet of vessels is 527,631 TEU, of which 510,960 TEU are owned by the company. The company’s orders now stand at 183,394 TEU, and Wanhai is reportedly considering additional orders to upgrade capacity to 15,000 TEU.
The Yangming fleet currently has a capacity of 695,108 TEU, but less than half of that is at the disposal of the company. The orders of Yangming are only five ships of 15,500 TEU.
One Hai Company has moved about 2.33 million TEU in the first six months of 2024. Of this number, 60% of the domestic volume was in Asia, and in the Middle East and the Indian subcontinent each had a 20% share.
According to this report, “Tommy “Our new orders are based on the replacement of old ships with new ships and our operational growth. We are not looking to compete with other shipping companies. We have several ships that will be out of operation in the next few years,” Hsieh, CEO of Vanhai Shipping Company, said at a conference. With the current decarbonization regulations getting tougher every day, our company’s new custom ships have the benefits of saving energy and reducing carbon emissions.”
The new orders of Van Hai will be delivered from the third quarter of 2026 onwards.
