Tuesday, August 25, 2020

"CMA CGM to take delivery of world’s largest LNG-powered vessel"

Following on yesterday's ""World’s Largest LNG Bunkering Vessel Arrives in Rotterdam" (so that's how CMA CGM will fuel the new megaships)".

From Offshore Energy, August 25:
French shipping group CMA CGM is to take delivery of its first ultra large LNG-powered containership following completion of the vessels’ gas trials.
The CMA CGM Jacques Saade returned to the Shanghai Jiangnan-Changxing Shipyard, a part of China’s Hudong-Zhongua, on Monday, its AIS data shows.

To remind, Jiagnan launched the 23,000 TEU LNG-powered containership in August 2019 and the vessel completed sea trials end March.

Offshore Energy understands that CMA CGM is expected to take delivery of the ship during September, more likely in the first half of the month, after it will depart to Europe.

The vessel will serve the Europe-Asia route. It will bunker LNG from the MOL-owned and Total-chartered Gas Agility that arrived off Rotterdam during the weekend....

This is a huge bet by the French major and as long as oil doesn't revisit $20 (plus low-sulphur differential) it should give them a cost advantage on the big ones.
It was January 2018 when CMA CGM took delivery of the 20,600 TEU Antoine de Saint Exupery causing me to nickname the then-new flagship  "Le monstre des mers".
Now the Saade will become the line's flagship and I'll have  a new monster of the seas.