The Chairman and Founder of Capital Maritime & Trading Corp., Evangelos Marinakis, met on Wednesday with a delegation of the CSSC shipbuilding group, headed by its Vice President Du Gang, to celebrate an order by Capital Maritime for six dual-fuel LNG Very Large Crude Carriers (VLCC) at the Dalian Shipyard.

The pioneering vessels will feature the latest energy-saving technologies, and just as importantly, will have the ability to use LNG as a fuel, which reduces carbon emissions by more than 25%.

The Chairman and Founder of Capital Maritime & Trading Corp., Evangelos Marinakis, meets with a delegation of the CSSC shipbuilding group, led by Vice-President Du Gang.

The high-profile order is an important step forward for both Capital and CSSC group, as it unites the two sides in their respective efforts to decarbonize shipping. The value-enhancing order, priced at more than $800m, also further contributes to the economic relationship between Greece and China.

Both sides expressed their satisfaction with the agreement, while Marinakis and members of the CSSC delegation also discussed opportunities for more cooperation in the near future.

An Alliance for Decarbonization in Shipping

The $800m order for the six LNG dual-fuel VLCCs marks a significant milestone for Marinakis’ Capital as well as CSSC, with both sides combining efforts for decarbonization in the shipping industry.