Genco CEO Says Trump’s China Ship Fees Will Hammer Farmers, Not China
The largest US-based dry bulk shipper said it is prepared to pass on costs to US exporters or position its ships elsewhere if proposed US fees on Chinese ships go into place.
French shipping giant CMA CGM has reportedly signed a shipbuilding order with China State Shipbuilding Corporation for 16 large containerships valued at over $3 billion.
The order, which was reported by China state media, is being called the largest single-order for containerships ever placed in China.
The order comprises 12 15,000 TEU capacity ships powered by dual-fuel methanol and four 23,000 TEU capacity ships powered by dual-fuel LNG.
The 15,000 TEU ships will be built by Jiangnan Shipbuilding and Dalian Shipbuilding, both part of CSSC. They will measure 366-meters in length with a beam of 51 meters.
The 23,000 TEU ships will be built by CSSC shipyards and will measure 399.9-meters in length with a beam of 61.3 meters. The series of ships are believed to be the first in China built with dual-fuel methanol capability.
News of the order comes as French President Emmanuel Macron made a state visit to China to meet with China’s Xi Jinping.
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