As of August 28, 2026, COSCO Shipping Holdings, via its wholly owned unit Cosco Asset Management, has signed two large shipbuilding contracts with China State Shipbuilding Corporation and its yards for 12 LNG dual-fuel ultra-large containerships of about 22,000 TEU and six new 3,200 TEU wide-beam container vessels. The total value exceeds US$26.88 billion for the larger ships and over CNY 20.4 billion for the smaller series, with deliveries expected toward the end of the decade.
By August 28, 2026, COSCO Shipping Holdings announced that its subsidiary Cosco Asset Management had entered into major newbuilding agreements with China State Shipbuilding Corporation and two of its shipyards. The first contract covers 12 ultra-large container vessels in the roughly 21,700–22,000 TEU range, equipped with LNG dual-fuel propulsion systems, to be built at Shanghai Waigaoqiao Shipbuilding together with CSSC’s trading arm. The total price of this package is reported at about US$26.88 billion. A second contract was signed with CSSC’s Huangpu Wenchong Shipyard for six new 3,200 TEU wide-beam containerships, valued at around CNY 20.4 billion.
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