Eight Methanol-ready Ultramaxes Ordered from Nantong Xiangyu

Nantong Xiangyu Shipbuilding & Offshore Engineering has secured a contract to build eight 64,000 DWT bulk carriers prepared for methanol fuel with Xiamen Jinxian and COSCO Shipping Bulk.

The shipbuilder from China has stated that these ships will boast a higher cargo capacity and improved fuel efficiency than similar vessels both domestically and internationally, in addition to being more eco-friendly. The financial terms of this agreement have not been disclosed.

At present, Nantong Xiangyu leads Chinese shipyards with an order book of over 100 ultramax vessels, the largest of its kind in the country.