CMA CGM newbuildings order suggests $20m saving for scrubbers over LNG

Malcolm Latarche
Malcolm Latarche
ShipInsight

21 February 2019


French shipping line CMA CGM seems to be hedging its bets over the best way to meet the 2020 rules according to Fearnleys latest weekly report.

Last week the Norwegian analyst reported that CMA CGM had booked ten 15,000 teu boxships split equally between the two CSSC yards Hudong-Zhonghua and Jiangnan. That report mentioned that the ships would be fitted with 10,000m3 LNG tanks indicating a dual-fuel propulsion system.

The latest report issued yesterday says that the five have reported at Jiangnan will have the LNG tank and the other five will be equipped with scrubbers. Fearnleys says the prices are reported at $130 m and $ 110 m, respectively. If correct it can be inferred that assuming the vessels are in other respects identical, the Capex premium for the dual-fuel version over the scrubber equipped ship is $20m.