Wan Hai Lines inks $2bn swoop for 20 dual-fuel container ship newbuildings

Wan Hai Lines, which registered a huge improvement in profit for the first half of this year, is splashing out around $2bn in new dual-fuel container ships.

In a deal that marks the first time the company has ordered new ships with dual-propulsion engine vessels, the Taiwanese liner company has picked methanol as fuel.

Its decision has surprised some shipbuilding observers as other major shipowners, most notably pioneer AP Moller-Maersk, are turning to LNG and other options.