China Merchants Energy Shipping (CMES) has moved forward to add more capacity in the car carrier segment by signing a firm deal for two new methanol dual-fuel 9,300 ceu ships.
The Shanghai-listed energy transport unit of China Merchants Group is paying $192m to China Merchants Industry Holdings to have the vessels delivered in the second half of 2025.
The deal, which follows a letter of intent signed in December last year, includes options for four 9,000 ceu ships priced at $96m each for delivery in the first half of 2026.
Chinese shipping companies have been bolstering their fleets in this niche area to accommodate the country’s fast-expanding international car trade. COSCO recently booked three more LNG dual-fuel 7,000 ceu newbuilds at Guangzhou Shipyard International (GSI), lifting its orderbook to 24 units set to enter the market by 2026.
Tags: Car Carrier, CMES, Methanol
Recent Posts
NTPC Green Energy to participate in SIGHT scheme to supply green ammonia
Oil India signs MoU with HP Govt. to support alternative energy projects
Avaada Group commits $12bn to transform Rajasthan into renewable energy hub
Monjasa makes LNG bunkering move in the UAE
GTT gets class nod for three-tank LNG carrier design
Govt urges sugar industry to diversify into green fuels
Cement sector must innovate to achieve net-zero emissions
India’s ethanol production capacity reaches 1,685 crore liters