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Yangzijiang Shipbuilding secures contract for six 13,000 TEU methanol duel-fuel vessels

Bryan Wu
·1-min read

The vessels are scheduled to be delivered from 2027 onwards.

Yangzijiang Shipbuilding (Holdings) BS6 has secured a contract to build six units of 13,000 twenty-foot equivalent units (TEU) methanol dual-fuel containerships for Ocean Network Express (ONE) on Jan 17.

Yangzijiang will jointly design the vessels, leveraging its strong technological capabilities to meet customers' evolving demand and ensuring alignment with the maritime decarbonisation agenda.

The vessels are scheduled to be delivered from 2027 onwards.

The value of the order was not disclosed by Yangzijiang but according to a report in November by trade publication Tradewinds, the client, ONE, has placed orders for 12 such vessels, with a total value of close to US$2 billion.

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Six orders went to another China-based builder Jiangnan Shipyard and the other six, to Yangzijiang.

The company notes that in the present context of sustainability, methanol is expected to play a key role in emission reduction. Additionally, the vessels will be designed to feature cutting-edge technologies such as optimized hull forms, waste heat recovery systems and bow windshields.

CEO Ren Letian says: “We are encouraged by the order from ONE for our green vessels, which is a testament to our technological prowess in building quality and efficient ships. Our ongoing efforts on R&D put us at the forefront of industry advancements, equipping us to capitalize on opportunities arising from the shifts in the environmental regulations.”

Shares in Yanzijiang closed 1 cent lower or 0.63% down at $1.58 on Jan 17.

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