Cosco board eyes order for 10 dual-fuel megaships
Orders for a batch of dual-fuel 15,000 teu vessels may be in the pipeline of the state giant’s Hong Kong-based container line shipping subsidiary. The newbuilding project could be worth more than $1.3bn in total at current price estimates
Cosco has been reluctant to burn LNG on its new ships owing to concerns about a lack of fuel infrastructure. But it seems to have changed its mind, prompted by the need to match up with its Ocean Alliance partner CMA CGM’s vessel deployment as well as Beijing’s mandate to decarbonise the country’s economy
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