JP Morgan signs for more methanol dual-fuel tankers in China

JP Morgan is said to have added to its methanol-powered product carrier orderbook in China with two more ships at Guangzhou Shipyard International (GSI).

Greek shipbroker Intermodal has placed the US banking giant behind the order for two 50,000 dwt units costing $50m each.

The deal brings the total number of methanol dual-fuel MR tankers JP Morgan has booked at the state-owned shipyard to four.

The ships, which will deliver in 2026, are backed by charter contracts with French energy major TotalEnergies.