Not surprisingly, the Chinese shipyard will receive orders for all 9 of the world’s largest 22,000 TEU container ships (ship-type shipyards), and the LNG-powered super-large container ships of CMA CGM will also be the third quarter of 2015. After the first batch of ultra-large container ships after 22 months, this may indicate that a new round of ultra-large container ship “arms race” is about to begin.
According to trade news, CMA CGM and two Chinese shipyards have signed a letter of intent for the construction of 6+3 22,000 TEU container ships with a total value of nearly US$1.5 billion. The advantage of ship price and the favorable terms of financing of Chinese financial institutions are important factors for CMA CGM to finally choose Chinese shipyards.
According to sources, CMA CGM may choose to order a dual-fuel power boat directly, or reserve LNG power conversion capability (LNG-Ready) for the new ship. If you choose to order a dual fuel ship directly, Hudong Zhonghua (Location Review News) will be expected to receive 5 new ship orders, and the other 4 will be built by Waigaoqiao Shipbuilding (Location Comments News). The new ship will be delivered between the end of 2019 and 2020, and will become the world’s largest container ship.
Earlier reports said that CMA CGM plans to build 6+3 super-large container ships of over 20,000 TEU, and Waigaoqiao Shipbuilding and Hyundai Heavy Industries (ship hangar location) are competing for this order. It is understood that the main reason for Chinese shipyards to win in the competition is the advantage of the ship price.
CMA CGM is expected to make a decision at the beginning of next month whether to directly build a dual-fuel ship. If LNG power design is adopted, the new ship will cost US$160 million per ship; if you choose to order LNG-Ready ships, each cost is about US$140 million.
A market participant said the offer for the deal showed that the shipyard is working to reduce the price level of dual fuel options. He said that last year, one of the three largest shipping companies in Korea offered $150 million for standard container ships of this size, while the offer for dual-fuel ships was $175 million.
The new shipbuilder pointed out that the favorable terms offered by the financing of Chinese financial institutions may be a factor affecting CMA CGM. In addition to financing conditions, CMA CGM and COSCO Ocean, OOCL, Evergreen Marine are members of the Ocean Alliance, and other political factors may also be the reason for CMA CGM to choose to book in China.
It is understood that the CNG CGM’s LNG power boat can choose to use 14,000 cubic meters of membrane type LNG fuel tank or B type fuel tank. This type of fuel tank can ensure the ship is sailing from China to Europe without interruption.
Industry observers said that the CMA CGM’s move to directly build LNG power vessels may lead other large ship operators and ship owners to switch to LNG fuel. It can be said that CMA CGM has taken the lead in demonstrating the LNG-powered large container ship ordering, and at the same time it has brought a very big psychological impact on other competitors. In the future, there may be more giants to follow up to join the new round. Arms race.”