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