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SAFETY4SEA

Danaos expands orderbook with two methanol-fuelled container ships

by The Editorial Team
February 14, 2024
in Green Shipping
MMMCZCS

Credit: Shutterstock/Image used for illustrational purposes only

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Danaos Corporation has disclosed that, in February 2024, the company expanded its order book by incorporating two additional 8,258 TEU newbuildings at Yangzijiang shipyard.

Anticipated to be delivered in the fourth quarter of 2026 and the first quarter of 2027, respectively, these additions bring the total number of container vessels under construction to 12, boasting an aggregate capacity of 91,430 TEU. 

Alternative-fuelled vessel orders are generally on the rise. According Martin Christian Wold, Principal Consultant at DNV, in January 2024, a total of 23 orders for methanol-fueled ships were recorded, predominantly concentrated in the container segment. 

RelatedNews

Chinese and EU ports join forces for three green shipping corridors

Assessment finds EU is well on track to achieve its 2030 targets

As we continue to execute our strategy, we remain focused on taking actions that will ultimately benefit our shareholders. Danaos is well positioned with a very strong balance sheet and significant revenue visibility into 2025. 

… said Danaos’ CEO Dr. John Coustas 

The CEO also noted that demand for shipyard delivery slots is very high as the industry is quickly moving to reduce carbon emissions by operating green vessels. The breakdown of expected deliveries includes six vessels in 2024, two in 2025, three in 2026, and one in 2027.

Danaos expands orderbook with two methanol-fuelled container shipsDanaos expands orderbook with two methanol-fuelled container ships
Danaos expands orderbook with two methanol-fuelled container shipsDanaos expands orderbook with two methanol-fuelled container ships
Tags: alternative fuelsDanaosmethanolnewbuildingsreducing shipping emissions
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