CMA CGM Invests $3 Billion in Methanol and LNG-Powered Container Ships, With Capacities of 15,000 and 23,000 TEUs

Written by Roberta Souza

Published on 13/04/2023 at 11:28

Foto: Reprodução Filtrovali

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The Investment Made by CMA CGM Was Secured by a Contract Signed Between China State Shipbuilding and Provides for the Construction of 16 Methanol and LNG-Powered Container Ships

A new record in the container ship sector! CMA CGM, along with China State Shipbuilding Corporation, signed a billion-dollar contract for US$ 3 billion that provides for the construction of 16 methanol and LNG-powered container ships, according to the website Portos e Navios.

The contract signed between the two parties is considered the largest ever made by the Chinese ship industry in financial terms, according to local media.

The contract made for the construction of ships involves 12 methanol-powered biodiesel vessels with a capacity of 15,000 TEUs and 4 conventional dual-fuel LNG-powered ships with a capacity of 23,000 TEUs.

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The Signed Contract Is the First Ever Made for Methanol-Powered Ships Weighing Tons

The signed contract for container ships between the companies is the first order ever made for methanol-powered vessels, with the agreement considered a record in the methanol shipbuilding industry due to the investment allocated for the construction of the methanol ships in the contract.

About the Companies

The company CMA CGM is the third-largest carrier in the world by capacity and supports, along with its competitors, the use of methanol as fuel.

Maersk, the second-largest carrier in the world by capacity, has ordered 16,000 TEU methanol-powered vessels. Meanwhile, Cosco, the fourth largest, ordered four container ships of 16,000 TEUs last week, one of which will have a dual-fuel methanol engine and three will be ready to use methanol.

More About Ships: Petrobras Advances in the Sergipe Deep Waters Project with Contracts for Drillships

Petrobras has initiated the contracting process for the chartering of two drilling platforms intended for the Sergipe Deep Waters (SEAP) project, located in the Sergipe-Alagoas Basin, approximately 100 kilometers off the coast.

The contract, announced by the oil company on Monday night (3), aims to increase the availability of national gas and open a new frontier for production in the Northeast.

The units of the FPSO type (floating production, storage and offloading) are considered strategic for the Sergipe Deep Waters project. READ MORE BY CLICKING HERE.

CMA CGM Invests $3 Billion in Methanol and LNG-Powered Container Ships, With Capacities of 15,000 and 23,000 TEUs

The Investment Made by CMA CGM Was Secured by a Contract Signed Between China State Shipbuilding and Provides for the Construction of 16 Methanol and LNG-Powered Container Ships

The Signed Contract Is the First Ever Made for Methanol-Powered Ships Weighing Tons

About the Companies

More About Ships: Petrobras Advances in the Sergipe Deep Waters Project with Contracts for Drillships

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The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

Two African countries will inaugurate in 4 days an 825-meter bridge suspended 90 meters high over a reservoir — it is the largest of three bridges of a megaproject that will supply millions of people.

Brazil spent R$ 1.9 billion on a giant bridge to Paraguay, and it is already finished, but no one can use it properly because the access points are not ready, and traffic remains blocked months later.

A Brazilian meat giant invested BRL 348 million in Uruguay — and the plant now produces 500,000 hamburgers per day while the world discusses whether or not to eat less meat…

A Brazilian meat giant invested R$ 348 million in Uruguay — and the plant now produces 500,000 hamburgers a day while the world discusses whether or not to eat less meat…

Prepare your coat at the beach: extratropical cyclone will create a cold front and cause a radical change on the coast of SP, with over 60mm of rain, lightning, strong winds, rough seas, and a sharp drop of up to 10°C on the holiday.

A new cold front changes the weather in Brazil, reinforcing heavy rain and the risk of storms in the South and Southeast, spreading instabilities across parts of the North and Central-West, and maintaining an alert for low humidity in the interior of the country.

Candy giant announces closure of its only factory in Latrine America in São Paulo and more than 150 employees are caught by surprise.

CMA CGM Invests $3 Billion in Methanol and LNG-Powered Container Ships, With Capacities of 15,000 and 23,000 TEUs

The Investment Made by CMA CGM Was Secured by a Contract Signed Between China State Shipbuilding and Provides for the Construction of 16 Methanol and LNG-Powered Container Ships

The Signed Contract Is the First Ever Made for Methanol-Powered Ships Weighing Tons

About the Companies

More About Ships: Petrobras Advances in the Sergipe Deep Waters Project with Contracts for Drillships

Gaddafi built the world’s largest artificial river under the Sahara — it’s 4,000 km of giant pipes that pump 40,000-year-old fossil water to entire cities in Libya.

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

Two African countries will inaugurate in 4 days an 825-meter bridge suspended 90 meters high over a reservoir — it is the largest of three bridges of a megaproject that will supply millions of people.

Brazil spent R$ 1.9 billion on a giant bridge to Paraguay, and it is already finished, but no one can use it properly because the access points are not ready, and traffic remains blocked months later.

No one needs to cross Guanabara Bay by speedboat anymore to deliver documents to ships — Wilson Sons uses drones that cover 8 km in 9 minutes.

The world’s first car carrier for 10,800 vehicles is delivered in China, breaking a global record with 14 decks and over 50 km of vehicles lined up, and reinforcing the shipbuilding industry’s race for greener and high-tech automotive transport.

Cosulati’s plant gains new life with a million-dollar investment and a plan to process up to 550,000 liters of milk per day.

Underwater welders earn US$2,500 per day — but work hundreds of meters deep, without seeing the sun for weeks, in one of the most dangerous professions in the energy sector.

Could chocolate disappear from the world? Understand why cocoa could vanish in the coming decades and transform the sweet into a rare item.

A Brazilian meat giant invested BRL 348 million in Uruguay — and the plant now produces 500,000 hamburgers per day while the world discusses whether or not to eat less meat…

A Brazilian meat giant invested R$ 348 million in Uruguay — and the plant now produces 500,000 hamburgers a day while the world discusses whether or not to eat less meat…

Prepare your coat at the beach: extratropical cyclone will create a cold front and cause a radical change on the coast of SP, with over 60mm of rain, lightning, strong winds, rough seas, and a sharp drop of up to 10°C on the holiday.

A new cold front changes the weather in Brazil, reinforcing heavy rain and the risk of storms in the South and Southeast, spreading instabilities across parts of the North and Central-West, and maintaining an alert for low humidity in the interior of the country.

Candy giant announces closure of its only factory in Latrine America in São Paulo and more than 150 employees are caught by surprise.