Tankers developed with carbon capture systems

Dalian Shipbuilding Industry Co (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC) and Cosco Shipping Energy Transportation (CSET), the tanker operation unit of Cosco Shipping Group, have developed two types of tankers equipped with carbon capture and storage systems. The vessels’ conceptual design involved a very large crude carrier (VLCC) and a suezmax, which

Korea, China competing methanol-powered ship market

Competition is expected to intensify between Korean and Chinese shipbuilders in the methanol-powered ship market. French shipping company CMA CGM recently decided to place an order for six 15,000-TEU methanol-powered ships with Dalian Shipbuilding of China, not with a Korean shipbuilder. As the price per ship is $175 million, the entire value of the contract

Methanol-ready boxships for Danos

Greek containership owner Danaos Corporation has ordered two methanol ready 7,100 TEU containerships in China. As informed, the vessels will be built at Dalian Shipbuilding in China and are expected to be delivered to Danaos in the second and third quarters of 2024. The counterparties of Danaos to the shipbuilding contracts, Dalian Shipbuilding and China