ContainersGreater China

OOCL orders six ultra-large containerships

Hong Kong: Orient Overseas Container Line (OOCL) has announced that the company has entered into shipbuilding contracts with Samsung Heavy Industries for the construction of six 20,000teu containerships at a total price of $951.6m.

OOCL is expecting to get bank financing to fund around 70% of the deal in the near future, and it said the new mega vessels will improve both the operating efficiency and profitability of the group.

Delivery of the vessels is scheduled in 2017.

The deal makes OOCL the latest carrier to join the ultra-large containership club, started by Maersk Line ordering twenty 18,000teu ships in 2011. China Shipping Container Lines, Evergreen, MOL and CMA CGM have all ordered a series of vessels ranging from 18,000teu to 20,000teu.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
Back to top button