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.
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