Containerships secures financing from CSSC for eight boxships

Containerships secures financing from CSSC for eight boxships

Finnish company Containerships has signed a framework agreement with CSSC Shipping (Hong Kong) for the financing of up to eight 1,400teu dual-fuel containerships.

Under the agreement, CSSC Shipping will provide financial leasing service for the eight vessels, made up of four firm orders and four options.

The vessels were originally ordered at Yangzhou Guoyu Shipbuilding in 2014 by Nordic Hamburg and going to be chartered Containerships upon delivery. The owner cancelled the order in June due to the poor financial situation at the yard, and moved the order to CSSC-affiliated Huangpu Wenchong Shipbuilding.

Delivery of the vessels will start in 2018.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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