Recently, LC Energy officially inked an agreement with MSC, the world's largest container shipping line, to collaborate on the dual-fuel retrofitting projects of large-scale container ships.
Trust and Entrustment from the World's Largest Shipowner
The signing ceremony took place at MSC's global headquarters in Geneva. Mr. Gianluigi Aponte, the founder of MSC, personally attended and jointly signed the cooperation agreement with Mr. Xu, a major shareholder of LC Energy, and Mr. Liu, the Managing Director of LC Energy. According to the agreement, LC Energy will offer an integrated dual-fuel conversion solution encompassing "design-procurement-construction-commissioning" for MSC's large container ships. This solution covers complex engineering tasks such as main engine retrofitting, manufacturing and installation of cryogenic fuel tanks, integration of the Fuel Gas Supply System (FGSS), and upgrading of generators and boilers, all of which demand extremely high technical standards. The first batch of ten container ships in the project is scheduled to enter the shipyard for construction in mid of 2027. The successful implementation of these projects will set a global benchmark for China's green ship engineering technology.
Decarbonization Ambitions of an Industry Leader
MSC, the world's largest container shipping company, currently operates a fleet of approximately 966 vessels, controlling over 20% of the global container shipping capacity. Its extensive operational network spans over 500 ports worldwide, making it an indispensable logistics backbone in global trade. The company has formulated an ambitious fleet upgrade plan, aiming to convert more than 130 container ships to dual-fuel systems as it steers firmly towards its net-zero emission target by 2050. However, large-scale ship conversions present worldwide challenges, including exorbitant retrofit costs, high technical risks, and substantial losses due to vessel downtime. MSC's decision to entrust LC Energy with the conversion of its first-batch fleet not only reflects a high-level recognition of LC Energy's technical integration capabilities and project delivery strength but also sends a clear signal to the global market: large-scale and efficient green retrofits have transitioned from blueprints to implementation and are becoming the core pillar for leading enterprises to achieve their climate goals.
A Chinese Team Undertaking the Mission of Green Shipping
Established in 2025, LC Energy Technology Co., Ltd. specializes in the low-carbon, energy-efficient, and intelligent upgrade and retrofit of large ships. Its shareholders include LC Logistics (HK02490, a comprehensive cross-border logistics service provider) listed in Hong Kong, Bolon Technology (603325, a high-end chemical equipment enterprise) and Shenglan Co., Ltd. (300843, a precision manufacturing and intelligent enterprise) listed on the A-share market, as well as Yizhi Intelligence (a provider of intelligent manufacturing solutions for ship robots). This forms a collaborative system spanning from market expansion, core equipment R&D to intelligent manufacturing. Currently, the company has established partnerships with top domestic ship design institutions (such as Maric), major equipment manufacturers (such as Jiangnan Heavy Industry), and global mainstream engine manufacturers. It has also successfully undertaken retrofit projects for high-tech vessels like large wind-power paving ships and gas bunkering vessels. The company is steadily advancing its production capacity layout, aiming to achieve a large-scale delivery capacity of retrofitting 50 large container ships annually between 2028 and 2030, with the aspiration to become a significant player and industry promoter in the global green ship retrofit and construction field. The zero-carbon transformation of the shipping industry is a long-haul journey that requires collaborative innovation and shared risks among all players in the industrial chain. The partnership between LC Energy and MSC represents a shared commitment from both teams towards a zero-carbon future and is a vivid illustration of China's manufacturing sector moving up the global value chain. We are confident that through continuous technological innovation, reliable project delivery, and open industrial cooperation, truly trustworthy green transformation solutions can be provided to global shipowners. This transformation, starting with ten ships, will eventually converge into a powerful force propelling the entire industry towards a sustainable future.
The zero-carbon voyage has already begun. We look forward to shaping a green and zero-carbon future for the shipping industry together with more partners.