Sinokor orders 20 boxships in China

Sinokor orders 20 boxships in China

The fleet rejuvenation project at Sinokor proceeds at speed. The South Korean line has ordered 20 feeder boxships, split between three yards controlled China State Shipbuilding Corporation (CSSC). Huangpu Wenchong and Chengxi Shipyard will build eight 1,100 teu ships each for delivery from late next year and throughout 2021. Jiangnan Shipyard has also received a contract from Sinokor to build four 2,400 teu ships for delivery in 2021. No price has been revealed for this bumper boxship order.

Sinokor has placed many of its oldest ships for sale over the past 18 months while embarking on a notable ordering binge with more than 20 newcastlemax bulkers ordered in China as well as a pair of VLCCs at Hyundai Heavy Industries.

Sinokor and compatriot intra-Asia specialist Heung-A Shipping have inked plans to merge their container businesses in a deal that should go through in the coming couple of months. The combined entity would control a fleet of around 100,000 teu pushing it within the top 20 ranks of global liners.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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