The newbuilding market remains red hot with PIL the latest carrier to jump in
with a new order for 5 LNG dual fuel units of 13,000 teu at Hudong Zhonghua
announced on 19 August 2024. The ships are aimed at the Latin America trade with
deliveries starting from late 2026. Wan Hai also confirmed LOIs for 16 new
methanol dual fuel units of 8,000-8,700 teu at CSBC and Hyundai Samho. These
orders bring the total containership newbuilding capacity contracted since the
start of 2024 to 2m teu, with the