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International Cooperation Department
Tel.: (+86-21) 65853850-8034
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E-mail: ICDept@sisi-smu.org
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International Shipping |
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| MSC spends over US$1b for ten more 10,300 TEU LNG boxships |
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Date:2023-08-15 Readers:
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GENEVA, Switzerland-headquartered Mediterranean Shipping Company's (MSC) is reported to have entered into another shipbuilding contract valued at well over US$1 billion for ten more containerships.
The company is also deepening its long-term investment into liquified natural gas (LNG) while others in the industry including Maersk and CMA CGM have begun to move further toward methanol as the emerging alternative fuel.
MSC's appetite for expansion appears to be continuing unabated even as the company nears a 20 per cent market share based on capacity, reports Fort Lauderdale's The Maritime Executive.
China's Zhoushan Changhong International Shipyard is reporting that it received an order for 10 new LNG-fuelled boxships being linked to China International Marine Containers (CIMC) and to be operated by MSC.
The latest order is for a versatile midsize 984-foot vessel with a capacity of 10,300 TEU, including 1,900 reefers. They are highlighting the size of the design will permit the vessels a greater operating range with access to areas such as the Black Sea through the Turkish Strait, which MSC's newest class of ULCVs does not have the ability to reach.
MSC took delivery of its first dual-fuel LNG vessel, the MSC Washington, in March 2022 with analysts at the time calculating the company had a total of 30 LNG-fuelled vessels on order. Recent calculations have said that number doubled. The shipyard also received an order for 10 LNG-fuelled ships from MSC at the beginning of 2023.
The follow-on order is expected to deliver in the second half of 2026 and continue into 2027. Alphaliner recently calculated that MSC is on a trajectory to surpass a total capacity of 6 million TEU by 2025 and based on the new orders appears to be set to continue its growth.
https://www.shippingazette.com/menu.asp?encode=eng
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