China Merchants Energy Shipping is pressing ahead with its containership expansion, planning eight newbuildings worth more than US$557 million, reports Singapore's Splash 247.

The state-backed owner stated it would invest up to CNY3.8 billion (US$557 million) in four 8,200 TEU methanol-ready ships and four 1,800 TEU vessels. The ships will be built at a yard under China Merchants Industry Group, with delivery scheduled for 2028.

The deal will be executed through a shipowning entity set up by a CMES subsidiary, in what the company described as a related-party transaction. Earlier this year, CMES also booked four 3,000 TEU boxships, adding to its growing container orderbook.

The methanol-ready design reflects a cautious approach to alternative fuels, providing flexibility as regulations tighten. Beyond containers, CMES has ordered shuttle tankers at Dalian Shipbuilding Industry Co and 10 VLCCs worth about US$1.25 billion for delivery between 2028 and 2030.

The company is also expanding through leasing, agreeing to take five 84,500 dwt multipurpose vessels from affiliated arms for three years, with options to extend. CMES stated that the ships will support upgrades to its general cargo operations and project cargo trades.