OOCL places order for 14 methanol-capable vessels

Hong Kong-based shipping firm Orient Overseas Container Line (OOCL) has placed a HK$24,024 million ($3.08 billion) order for 14 methanol-capable container vessels in China.

IMAGE: Container ship, OOCL Valencia. Orient Overseas Container Line

The dual-fuel vessels will be capable of operating on methanol as well as conventional fuels upon delivery, OOCL confirmed.

Five of the vessels will be constructed by China’s Nantong COSCO KHI Ship Engineering, while the remaining nine will be built by Dalian COSCO KHI Ship Engineering.

All vessels are expected to be delivered between 2028 and 2029.

“The construction of the vessels will allow the Group to optimise its fleet structure, and the vessels can serve as replacements of the aged units of the Group over time,” the company added.

By Konica Bhatt

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