CSSC Shipping, the leasing arm of state-owned China State Shipbuilding Corporation, said its subsidiary has agreed with Wuchang Shipbuilding to build four 1,100 teu feeder containerships.
The Hong Kong-listed firm said in a regulatory filing that CA Shipping, a 60/40 joint venture between CSSC Shipping’s Fortune Container Carriers and ASL Navigation will pay a total just shy of $92m for the quartet.
The vessels are expected for delivery between January 31, 2024 and August 31, 2024.
