TMS Group orders 10 LNG dual fuel boxships from Chinese shipyard

Greek shipping tycoon George Economou’s TMS Group has stated that it has ordered up to ten LNG-powered dual-fuel containerships from China’s Zhoushan Changhong International Shipyard.

It was announced that the Greece-based corporation had placed an order for six firm Neo-Panamax boxships and four optional ones in a transaction for a total of $1.4 billion. It was done during the period when the project was signed with the TMS Group at the start of February 2025. It is anticipated that the ships will be delivered in 2027 or 2029.

The new structures are 299 meters long, 48.2 meters wide, and 27 meters deep, according to the shipyard. The order is also the second batch that George Economou has booked since the company returned to the container market after a four-year hiatus. This comes after the company signed a deal with HJ Shipbuilding & Construction (HJSC) in South Korea for four 7,900 TEU boxships that are ready for service. The units, which are 272 meters long each, will be gradually handed over in the beginning of 2026.

According to reports, TMS Group’s fleet comprises about 130 vessels from several segments, including gas carriers, bulk carriers, and tankers. TMS Cardiff Gas, TMS Tankers, TMS Dry, and TMS Bulkers are in charge of overseeing the fleets, respectively. Furthermore, it is estimated that the Greek shipowner now has about 40 vessels in order.