HONG KONG's Orient Overseas Container Line (OOCL), now a Cosco unit, has announced a newbuilding order of seven methanol-compatible 24,000-TEU container vessels with expected delivery starting from the third quarter of 2026.
The eco-compliant fuel technologies to be applied on these new vessels, most notably for the methanol dual fuel engines, constitute a significant milestone in OOCL's decarbonisation journey.
Under the terms of a contract dated October 28, the vessels will be built by Nantong COSCO KHI Ship Engineering Co. The cost of each vessel will be US$239.85 million, being a total investment by OOCL of $1.67 billion.
"These vessels will help OOCL grow its fleet in a healthy and balanced manner, allowing us to enhance our network design and strengthen our long-haul routes, in line with our long-term development plan," said OOCL chief operating officer Kenny Ye.