Chinese shipyards win giant container ship order

Bocomm Leasing has commissioned the newbuildings at Yangzijiang Shipbuilding, Hudong-Zhonghua Shipbuilding and Jiangnan Shipyard. Each ship is priced at US$150 million, according to shipbrokers, meaning that all the newbuildings will cost US$900 million. The newbuildings will be delivered between 2023 and 2024.

An 11,800TEU vessek and Yangzijiang Shipyard, currently the yard's biggest ship design is 14,000TEU. Source: Yangzijiang Shipyard.

Chinese shipyards will build six 24,232TEU containerships, the largest in the world as of today, that the Bank of Communications Financial Leasing (Bocomm Leasing) has fixed to Mediterranean Shipping Company (MSC) on long-term charters.

Bocomm Leasing has commissioned the newbuildings at Yangzijiang Shipbuilding, Hudong-Zhonghua Shipbuilding and Jiangnan Shipyard. Each ship is priced at US$150 million, according to shipbrokers, meaning that all the newbuildings will cost US$900 million. The newbuildings will be delivered between 2023 and 2024.

Yangzijiang’s executive chairman and CEO Ren Letian said that winning the orders has elevated the shipbuilder’s status as the vessels will be the largest container ships it has built.

The two ultra-large containerships will also be the largest in Yangzijiang’s containership portfolio, a significant step-up from the 10,000TEU, 12,690TEU and 14,000TEU containerships that it currently offers.

Amid a remarkable rebound in container freight rates, mainline operators are now in the market for new and bigger ships.

Ocean Network Express has signed a letter of intent with Imabari Shipbuilding’s shipowning affiliate Shoei Kisen Kaisha to take six 24,000TEU newbuildings on a 15-year period charter while Hapag-Lloyd has ordered six 23,500TEU newbuildings from Daewoo Shipbuilding & Marine Engineering.

COSCO Shipping’s Hong Kong based subsidiary OOCL has also ordered a dozen 23,000TEU container ships, at affiliated shipbuilders Dalian COSCO KHI Ship Engineering and Nantong COSCO KHI Ship Engineering.

Source: Martina Li /container-news.com
Asia Correspondent


Related News

China overtakes Greece as largest shipowning country
China overtakes Greece as largest shipowning country

1179 Views

China has climbed to the top of nations rankings as the largest shipowning country in terms of gross tonnage, according to information from UK data provider Clarksons Research.

Cloud hangs over China's CULines as it axes final long-haul route
Cloud hangs over China's CULines as it axes final long-haul route

1977 Views

The future of China United Lines (CULines) is uncertain after its dreams of building a deepsea shipping portfolio have been shattered with the axing of its Asia-Mediterranean services.

Full steam ahead: Why container ships are racing across the Pacific
Full steam ahead: Why container ships are racing across the Pacific

3206 Views

Higher speed should bolster carrier profits but it’s no panacea for cargo shippers


Comment
  • Your review
main.add_cart_success