OOCL orders Seven 24,000 TEU Methanol-Compatible Container Vessels

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OOCL

Orient Overseas Container Line Ltd. (OOCL) is proud to announce a newbuilding order of seven methanol-compatible 24,000TEU container vessels with expected delivery starting from the third quarter of 2026. The green fuel technologies to be applied on these new vessels, most notably for the methanol dual-fuel engines, constitute a significant milestone in OOCL’s decarbonization journey.

Mr Kenny Ye, Chief Operating Officer at OOCL, said: “We believe that we can be green and competitive at the same time, without sacrificing one over the other. These vessels will help OOCL grow its fleet in a healthy and balanced manner, allowing us to enhance our network design and strengthen our long-haul routes in line with our long-term development plan. More importantly, I believe that the ordering of these methanol-compatible vessels represents a hugely important step on our decarbonization journey towards a greener future.”

Under the terms of a contract dated 28 October 2022, the vessels will be built by Nantong COSCO KHI Ship Engineering Co., Ltd. The cost of each vessel will be US$239.85 million, a total investment by OOCL of US$1,678.95 million.

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Ryan is the Digital Marketing and Content Creation Manager for Trade and Logistics Siam Ltd. He provides a creative flair to the team and his resourcefulness helps to bring an imaginative improvement to both literary archetypes and online content production. A writer by day and a rider by night, when he's not composing the latest logistics news update or creating compelling copy for our clients, Ryan spends his free time travelling Thailand by motorbike.