Cosco orders twelve 14,000 TEU methanol vessels

Cosco Shipping Holdings has received shareholder approval to order a series of twelve methanol-fuelled container ships of 14,000 TEU capacity.

The delivery of the vessels is expected to commence in mid-2027 and be completed by early 2029, while the cost of every boxship is estimated at US$179.5 million.

The vessels will be built by the Chinese shipyard Cosco Shipping Heavy Industry (Yangzhu).