https://www.offshore-energy.biz/wan-hai-lines-orders-methanol-dual-fuel-boxship-fleet/

On August 12, 2024, Wan Hai Lines ,Singapore formalized its commitment to expanding its fleet with advanced methanol dual-fuel container vessels by signing two significant Letters of Intent (LOIs). The first LOI, representing a strategic move toward sustainability, covers the acquisition of twelve container ships, each with a capacity of approximately 8,000 TEU. These vessels, to be constructed by CSBC Corporation in Taiwan, are priced between $102.5 million and $124 million per unit, bringing the total transaction value to an estimated range of $1.23 billion to $1.98 billion. The LOI also includes purchase options for an additional four units, further underscoring Wan Hai Lines' long-term fleet enhancement strategy.

Additionally, Wan Hai Lines signed a second LOI for the construction of four 8,700 TEU methanol dual-fuel container ships at the HD Hyundai Samho shipyard in South Korea.The cost per vessel is projected to range from $113.5 million to $130.41 million, with the total transaction value estimated between $454 million and $521.64 million.This marks a significant milestone for Wan Hai Lines, as it is the first time the company has opted for vessels equipped with dual-fuel propulsion systems, selecting methanol as the preferred marine fuel to align with evolving environmental regulations and sustainability goals.