COSCO adds 12 LNG vessels to orderbook

Chinese state-owned shipping firm COSCO Shipping has ordered 12 LNG dual-fuel container vessels for delivery by 2030.

IMAGE: Couple of COSCO's container ships docking at a port. COSCO

COSCO has signed a $2.70 billion shipbuilding contract with China's Waigaoqiao Shipbuilding and China Shipbuilding Trading for the 12 vessels.

The 22,000-TEU vessels will be equipped with dual-fuel engines capable of running on LNG and conventional fuels. Deliveries are scheduled between 2028-2030, COSCO said.

The vessels are planned for deployment on COSCO's Far East-Northwest Europe trade route once delivered.

By Konica Bhatt

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