Taiwanese shipping company Wan Hai Lines has placed an order for up to twenty methanol dual-fuel container vessels at South Korean and Taiwanese shipyards, according to Offshore Energy.
As disclosed, the company signed a letter of intent (LOI) for twelve methanol dual-fuel container vessels on behalf of Wan Hai Lines (Singapore) on August 12, 2024. The ships will have a capacity of around 8,000 TEU.
The LOI includes purchase options for four units, Wan Hai revealed in a stock exchange filing.
To be constructed by CSBC Corporation in Taiwan, the ships will cost between $102.5 million and $124 million per unit. The total transaction price will be between $1.23 billion and $1.984 billion.
What is more, the company signed another LOI for four 8,700 TEU methanol dual-fuel boxships on behalf on August 12.
The units will be built at HD Hyundai Samho shipyard in South Korea and Wan Hai will pay $113.5 million to $130.41 million per vessel. The total transaction is estimated at $454 million-521.64 million.
This is the first time Wan Hai has ordered vessels with dual-fuel propulsion, opting for methanol as marine fuel. With this move, Wan Hai followed in the footsteps of its counterparts such as Maersk, Ocean Network Express (ONE) and Evergreen Marine.
Source: Port News
