CMES, CMI finalize shipbuilding contracts worth $160 mn

On 27 December, China Merchants Energy Shipping Co., Ltd. (CMES) issued a statement regarding a connected transaction involving the ordering of ships from related parties. According to the statement, CMES, through its wholly owned subsidiary, has entered into four Ship Ordering Agreements with China Merchants Industry (CMI), a related entity. These agreements pertain to the

CMES ordered world’s first methanol-powered engine for VLCC

China Merchants Energy Shipping (CMES), the Shanghai-listed shipping giant and subsidiary of China Merchants Heavy Industry (CMHI), has ordered a MAN B&W 7G80ME-LGIM (-Liquefied Gas Injection Methanol) main engine in connection with the construction of a VLCC (Very Large Crude Carrier), which stands for first order for dual fuel methanol for this type of ship.

CMES places order for methanol-fuelled VLCC

China Merchants Energy Shipping (CMES) has placed an order for the world’s first methanol dual-fuel very large crude carrier. CMES said in August that it would be ordering a methanol dual-fuel VLCC at Dalian Shipbuilding Industry Co (DSIC). The ordered ship will have a 306,000 dwt and cost around $107.5m, an exceptionally cheap price given

CMES readies methanol-fuelled VLCC order

China Merchants Energy Shipping (CMES) is gearing up to order the world’s first methanol dual-fuel very large crude carrier. The board of the Shanghai-listed energy transport unit of China Merchants Group has unanimously approved the construction of one vessel costing $107.5m. The vessel will be built at Dalian Shipbuilding Industry Co (DSIC) for delivery by

CMES orders LNG newbuilds

The Shanghai-listed energy transport unit of China Merchants Group has signed for a pair of 175,000 cu m liquefied natural gas (LNG) carriers in a $470m deal, or $235m per unit.

CMES to add two more methanol-fuelled car carriers

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

CMES to install air lubrication technology

China Merchants Energy Shipping (CMES), the Shanghai-listed energy transport unit of China Merchants Group, has signed up to install air lubrication technology on up to six LNG carriers being built at Dalian Shipbuilding Industry Company (DSIC). A deal with the London-based cleantech company Silverstream Technologies for four firm installations and two options will see the

CMES signs up for methanol car carriers

Shanghai-listed China Merchants Energy Shipping (CMES) has signed up for up to six methanol dual-fuel car carriers worth around $597m. The energy transport unit of China Merchants Group has inked a letter of intent with China Merchants Industry Holdings, one of the three leading shipbuilding groups in China, for two firm 9,000 ceu vessels for

CMES, BHP, DNV to partner on emissions reduction

China Merchants Energy Shipping (CMES), BHP and DNV have signed a Memorandum of Understanding (MoU) to collaborate on industry value chain greenhouse gas (GHG) management. The agreement seeks to enable close cooperation between ship owner and charterer with the aim of achieving further energy efficiencies and GHG savings through improved voyage data collection, verification and

New concept design developed for ammonia-ready LNG-fuelled VLCC

A partnership between China Merchants Energy Shipping (CMES), TotalEnergies, Dalian Shipbuilding Industry Co (DSIC) and French membrane containment system designer GTT has developed a new concept design for an ammonia-ready LNG dual-fuelled very large crude carrier (VLCC). The project, launched in 2021 to evaluate the environmental, financial, technical and regulatory implications, resulted in a new