On August 27, CSSC Beihai Shipbuilding, jointly with China Shipbuilding Trading Co., Ltd. (CSTC), signed a cooperation agreement with Shandong Shipping Corporation (SDSC) for a project involving 2+4 units of 325,000 DWT ethanol/methanol tri-fuel ore carriers.
The 325,000 DWT tri-fuel ore carrier—capable of running on ethanol, methanol, and conventional fuel—represents a new generation of large ore carriers designed to align with future trends in maritime emission reduction. In addition to ethanol, the vessel can operate on methanol and heavy fuel oil. It also incorporates provisions for future LNG and ammonia fuel capabilities, adopting a technical approach that balances current energy efficiency requirements with the need to accommodate future green fuels.
The project actively innovates its business model and efficiently integrates resources from diverse stakeholders—including global mining giants and domestic financial institutions. By developing a new generation of green, low-carbon transport capacity, it aims to secure a first-mover advantage in the shipping industry’s green transition and strengthen its competitive edge in the international shipping market.
Currently, Beihai Shipbuilding holds orders for over 100 vessels totaling more than 23 million deadweight tons, with delivery schedules extending as far as 2031. The company ranks first globally in the delivery of very large ore carriers (VLOCs) and holds a leading position in orders for large bulk carriers. Green vessels account for more than 80% of its order book, making sustainability the defining characteristic of Beihai Shipbuilding.