France’s CMA CGM is poised to ink its fourth newbuilding deal for this year, which will cost more than $1bn.

Shipbuilding sources tell TradeWinds that the liner giant, which saw its second-quarter earnings fall considerably, is pressing ahead with its decarbonisation drive with an order for a series of methanol dual-fuel neo-panamax container ship newbuildings.

CMA CGM, which has so far splashed out $5.5bn