Cosco Shipping to order more LNG-powered containerships

China's Cosco Shipping is expected to order 12 LNG dual-fuel containerships from compatriot Hudong-Zhonghua, according to brokers and shipbuilding sources.

The vessels will have a capacity of 14,000 teu.

According to brokers, the price for each unit is said to be up to $180 million.

This puts the total price tag up to $2.16 billion.

Sources said the vessels would likely feature Type C LNG tanks.

No further details have been revealed.

In January, Cosco Shipping ordered 12 LNG dual-fuel containerships worth approximately $2.4 billion at compatriot shipbuilder Jiangnan.

Cosco Shipping Holdings said that its unit Cosco Asset Management entered into a shipbuilding agreement with Jiangnan on January 13.

Each of the vessels will have a capacity of 18,000 teu.

Moreover, the deal is worth approximately 16.79 billion yuan ($2.4 billion), or approximately $200 million per vessel.

Cosco Shipping expects to take delivery of these vessels between 2028 and 2029.

The firm said that the deal is part of the group’s efforts to steadily increase fleet capacity, achieve long-term and balanced development, and further consolidate its industrial position.

Upon delivery of the newly constructed vessels, Cosco Shipping plans to deploy them on the
east-west routes.

In November 2025, LNG Prime was the first to report that Cosco Shipping was interested in booking LNG dual-fuel vessels.

This was the first time Cosco Shipping had sought bids for LNG dual-fuel containerships.

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