Danaos orders methanol-ready boxships

Greek containership owner Danaos Corporation has ordered two methanol ready 7,100 TEU containerships in China.

As informed, the vessels will be built at Dalian Shipbuilding in China and are expected to be delivered to Danaos in the second and third quarters of 2024.

The counterparties of Danaos to the shipbuilding contracts, Dalian Shipbuilding and China Shipbuilding Trading Co. (CSTC) are both subsidiaries of China State Shipbuilding Corporation (CSSC), one of the world’s largest shipbuilding groups.

The vessels will be methanol fuel ready and will be built in accordance with the latest requirements of the International Maritime Organization (IMO) in relation to Tier III emission standards and Energy Efficiency Design Index (EEDI) Phase III, according to Danaos.

“We are very pleased to announce the commissioning of two 7,100 TEU containerships. These vessels are at the forefront of new technology, come with the latest specifications on emissions requirements and are methanol ready,” John Coustas, the company’s CEO, commented.

Danaos Corporation has a fleet of 71 containerships aggregating 436,589 TEUs ranks.

Last year, the company joined the Methanol Institute (MI), a global trade association for the methanol industry.

The latest order shows that Danaos is following in its counterparts’ footsteps, recognizing the potential of methanol as a marine fuel.

In 2021, Danish container shipping and logistics giant Maersk ordered a total of twelve 16,000 TEU containerships in South Korea in an effort to accelerate the shipping’s decarbonization journey, inviting others to follow suit.

Last week, Maersk entered several strategic partnerships to secure green fuel supply for its fleet of methanol-powered ships. The company intends to source at least 730,000 tonnes/year by end of 2025.

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