World third largest shipping company CMA CGM (Compagnie Maritime d’Affrètement (CMA) and Compagnie Générale Maritime (CGM)) have ordered seven new dual fuel container ships. Capacity of each ship will be 7600 teu. It is interesting to note that all of them will be powered by LNG. CMA CGM has been pushing the use of LNG is their latest ships on large scale as compared to their competitor.
The order for new building is with Samsung Heavy Industries with a cost of $718 mn. This year the order for new tonnage have gone up considerably which is due to high demand and good returns in shipping.