Cosco Shipping Holdings is switching four conventionally fuelled neopanamax container ship newbuildings that it ordered three years ago to methanol dual-fuel engines.

The move is in line with the company’s target to achieve carbon neutrality by 2060.

Cosco Shipping said the switch to dual-fuel engines would involve four 16,180-teu boxships ordered in July 2021 for $155m each at the Cosco Shipping Heavy Industry yard in Yangzhou (Cosco HI Yangzhou).