Chinese state-owned maritime transport giant COSCO Shipping has tapped compatriot vessel construction player Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), for a sextet of alternative fuel-ready tankers.
Illustration; Image credit Cosco Shipping
According to Greek shipbroker Intermodal, COSCO Shipping is expected to cash out $119.1 million for each of the six 307,000 dwt tankers. Once completed, DSIC plans to hand over the ships to COSCO between 2027 and 2028.
As disclosed, the vessels are going to be sent off to the Chinese maritime transport company with liquefied natural gas (LNG)- and methanol-ready specifications.
Owing to LNG, the most mature and most widely available alternative fuel at the moment, the tankers are expected to accomplish a 25-30% reduction in carbon dioxide (CO2) emissions. LNG could also enable
