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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Q-Day is coming: the quantum threat that can unlock passwords, banks, cryptocurrencies, medical data, and turn internet security upside down

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

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

American company deploys humanoid robots to work live for 8 hours and surprises by showing machines handling packages at an almost human pace while accelerating production on a global industrial scale

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Seen from space as a frozen blue island in the South Atlantic, iceberg A23a became the “queen of icebergs” after being stuck for almost 40 years, weighing almost 1 trillion tons, and now losing 80% of its mass while releasing giant blocks in the final phase of disintegration.

Q-Day is coming: the quantum threat that can unlock passwords, banks, cryptocurrencies, medical data, and turn internet security upside down