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Hong Kong-based OOIL said in a stock exchange filing that CSSC’s Hudong-Zhonghua will build the LNG dual-fuel vessels, each with a capacity of 13,600 teu.
The company’s twelve indirect wholly-owned subsidiaries entered into the shipbuilding contracts with Hudong-Zhonghua on April 29.
Each vessel is worth $185 million or $2.22 billion for 12 vessels.
2028-2030
OOIL said the vessels are expected to be delivered between the third quarter of 2028 and the first quarter of 2030.
According to OOIL, the shipbuilding transaction is “consistent with the group’s strategy to prudently expand its fleet capacity and further enhance its competitive position within the container shipping industry.”
OOIL noted that the Vessels are versatile and suitable for deployment across a wide range of trade routes and terminals.
The group will progressively rejuvenate its fleet through the introduction of high-quality new vessels, while the Vessels will be equipped with “green fuel technologies, such as LNG dual-fuel
engines.”
“Such configuration is expected to reduce the need to purchase carbon credits and it demonstrates the group’s commitment to energy conservation and carbon emission reduction,” OOIL said.
OOIL invited quotations for the construction of the vessels from several shipbuilders, including Hudong-Zhonghua and two other independent yards.
“However, those two other independent shipbuilders were unable to offer quotations due to limited shipbuilding slot availability and resources,” OOIL said.
Cosco Shipping
Earlier this month, LNG Prime reported, citing shipbuilding sources, that Cosco Shipping is expected to order 12 LNG dual-fuel containerships from Hudong-Zhonghua.
Sources said the vessels would likely feature Type C LNG tanks.
In January, Cosco Shipping ordered 12 LNG dual-fuel containerships worth approximately $2.4 billion at Jiangnan.
Each of the vessels will have a capacity of 18,000 teu.
Moreover, the deal is worth approximately 16.79 billion yuan ($2.4 billion), or approximately $200 million per vessel.
Cosco Shipping expects to take delivery of these vessels between 2028 and 2029.