COSCO Asset Management has signed a newbuilding contract with China’s CSSC Waigaoqiao Shipbuilding and China Shipbuilding Trading for 12 ultra-large container vessels of 21,700 TEU capacity, each fitted with LNG dual-fuel propulsion, with a total contract value of about $2.688 billion and deliveries scheduled between 2028 and 2030. The order reinforces China’s position in large container shipbuilding and confirms continued demand for greener, ultra-large tonnage.
China State Shipbuilding Corporation (CSSC) announced that its wholly owned subsidiary Waigaoqiao Shipbuilding, together with China Shipbuilding Trading, has entered into a major newbuilding contract with COSCO Asset Management for 12 ultra-large container ships. Each vessel will have a capacity of 21,700 TEU and be equipped with LNG dual-fuel propulsion, reflecting the industry’s move toward lower-carbon technologies. The total contract value is about $2.688 billion, with delivery of the series planned between 2028 and 2030, via dedicated single-vessel subsidiaries under COSCO Asset.
Source:
imarinenews.comShare this article
Related news
SCFI Raises 40-Foot Container Weighting as European Rates Strengthen
The Shanghai Containerized Freight Index has adopted a revised methodology that lifts the weighting of 40-foot container rates to 55%. The change comes as European and Mediterranean freight rates rise while several US-bound lanes soften.
VLCC rates retreat from record levels but remain historically high
VLCC freight rates have eased after a sharp surge, yet they remain close to yearly highs as Gulf-related risks and constrained vessel availability continue to support tanker earnings.
Carriers Raise Selected Rates and Add Surcharges on Americas and Africa Trades
CMA CGM raised an Asia–South America rate, while Maersk announced a peak-season surcharge for cargo moving from South America to the US and Canada.