Yangzijiang clinches order for 12 LNG-powered containerships

China’s largest private shipyard, Yangzijiang Shipbuilding, has secured a large order to build twelve LNG-powered containerships.

According to a statement by Yangzijiang on Thursday, the LNG dual-fuel containerships would have a capacity of 16,000 units.

The shipbuilder did not reveal any further information regarding the containerships.

Shipbuilding sources told LNG Prime that Switzerland-based shipping giant MSC is behind this order.

MSC is expected to start taking deliveries of the vessels in 2025.

One source said that the ships would have a similar design to the six 16,000 TEU LNG-powered container vessels, each worth about $180 million, MSC ordered at China’s DSIC in January this year.

The main difference is that these new vessels would be powered by MAN ME-GI engines instead of WinGD engines.

Also, the MARIC-designed vessels would have type B tanks, according to the source.

Earlier this year, Yangzijiang delivered the first LNG dual-fuel containership in MSC’s fleet, and the second one as well.

MSC is building a huge fleet of LNG-powered vessels in order to slash emissions and to comply with new IMO rules.

Record number of orders

Besides these 12 LNG-fueled containerships, Yangzijiang also won orders for six 66,000-dwt and four 32,000-dwt bulk carriers.

The entire order has a price tag of about $2.5 billion.

With these latest order wins, the group has year-to-date secured new orders for 40 vessels worth about $3.6 billion, exceeding its FY2022 target of $2 billion.

It also achieved the highest ever total orderbook value of $10.27 billion.

“Here at Yangzijiang, we are committed to building greener vessels. Further to the GTT knowhow, we are witnessing a strong market sentiment in this space,” Ren Letian, executive chairman and CEO of the group, said in the statement.

“While we are working even harder to secure our maiden type C LNG carrier, we are also looking to invest in a new production line to meet the strong demand and the market needs in the long term,” Letian said.

French LNG containment giant GTT recently signed a technical assistance and license agreement with Yangzijiang, enabling the yard to construct vessels using GTT membrane technologies.

Yangzijiang has already secured an order for four 8,000 TEU dual-fueled container vessels from Singapore’s Pacific International Lines.

The vessels feature GTT’s membrane technology for the LNG fuel tanks.

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