ContainersEurope

CMA CGM’s latest newbuilds split between LNG and scrubbers

Brokers have confirmed a sizeable boxship order from France’s CMA CGM, first reported on Splash a month ago.

Norwegian broker Fearnleys’ latest weekly report details how the ten-ship order has been broken down. CMA CGM has contracted China State Shipbuilding Corporation (CSSC) to build ten 15,500 teu boxships, split two ways to handle the impending global sulphur cap. Five will be built with LNG propulsion at Jiangnan Shipbuilding, priced at $130m per ship, while another five will be built at another unconfirmed CSSC yard, likely Hudong-Zhonghua, fitted with scrubbers and priced at $110m per ship. The total package comes in at $1.2bn and will keep CMA CGM in touching distance with Cosco in the global liner rankings.

The newbuilds will likely be deployed on the Asia-Mediterranenan tradelane when they deliver from late next year through to 2021.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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