Cosco announces $2.2bn order for 12 LNG-fuelled boxships
- LNG dual‑fuel, 13,600 teu boxships slated for delivery from late 2028 to early 2030
- Deal follows $2.7bn order earlier this year for 18 LNG dual‑fuel, 18,000 teu vessels
- Fresh orders reignite fears over mounting overcapacity in the liner sector
- Cosco also reports first‑quarter net profit fell nearly 50% on weaker freight rates and MEG disruption
Cosco Shipping Holding’s new order underscores a strategy to navigate disruptions in the global supply chain by actively upgrading its fleet structure
