CMES to order methanol-fuelled VLCC


Source: China Merchants Energy Shipping

China Merchants Energy Shipping (CMES) is planning to place an order with Dalian Shipbuilding Industry Co for a dual-fuel methanol-powered very large crude carrier (VLCC), according to a stock exchange filing.

The board of the Shanghai-listed subsidiary of China Merchants Group approved the construction of the vessel. The contract is expected to be priced at US$107.5 million.

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