OOCL orders seven methanol-fueled vessels

Orient Overseas Container Line Ltd. (OOCL) announced a newbuilding order of seven methanol-compatible 24,000TEU container vessels with expected delivery starting from the third quarter of 2026. The green fuel technologies to be applied on these new vessels, most notably for the methanol dual fuel engines, constitute a significant milestone in OOCL’s decarbonization journey.

 Under the terms of a contract dated 28 October 2022, the vessels will be built by Nantong COSCO KHI Ship Engineering Co., Ltd. The cost of each vessel will be US$239.85 million, being a total investment by OOCL of US$1,678.95 million.