Economou's TMS Group to Invest $1.4B in LNG Dual-Fuel Containerships

priced at $140 million, marking TMS Group 's continued commitment to sustainable shipping solutions. The new fleet is slated for delivery between 2027 and 2029 and will utilize liquefied natural gas (LNG) dual-fuel propulsion, reflecting the industry's shift towards cleaner fuels. This move comes on the heels of TMS Group 's re-entry into the container shipping market with an order for four methanol-ready 7,900 TEU boxships from HJ Shipbuilding & Construction in South Korea in late 2024. The group's strategic expansion is part of a broader trend among shipping companies aiming to modernize fleets with eco-friendly technologies to reduce environmental impact. Currently, TMS Group operates a diverse fleet of over 130 vessels, including tankers, bulkers, and gas carriers, through its subsidiary companies like TMS Cardiff Gas, TMS Tankers, TMS Dry, and TMS Bulkers. The company also maintains a robust orderbook, ensuring its leadership in fleet size and technology.