COSCO launches electric container ship project

Earlier in March, the Chinese shipping company held a cloud-based project signing ceremony for its two electric boxships.

On 18 March, 51 enterprises and institutions were virtually connected to witness the signing of the 700 TEU electric container vessel building agreement and ship leasing agreement between COSCO Shipping Development, COSCO Shipping Heavy Industry Yangzhou and Shanghai PANASIA Shipping respectively.

The signing parties will jointly promote the green zero-carbon transformation of shipping on the Yangtze River, according to a statement.

"The successful development of the new 700 TEU electric container vessel and the signing of the project agreements are important steps taken by COSCO Shipping to implement the 14th  Five-Year Plan, practice the strategy of green development and promote the high-quality development of the enterprise," said COSCO in a statement.

Source: Container News