China Shipping Container Lines (CSCL) has entered into agreements for the construction and purchase of eight 13,500 TEU capacity containerships.
The shipbuilding contracts are valued at US $934.4 million and due in four installments of US $116.8 million each, according to a CSCL announcement.
Delivery of the first vessel is scheduled to begin in April 2018 and all eight are expected by end 2018.
The vessels will be constructed at Shanghai Jiangnan Changxing Shipbuilding Co., part of China State Shipbuilding Corporation.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 108,883 members that receive our newsletter.
Have a news tip? Let us know.
US President Donald Trump has raised the stakes for a meeting of an OPEC+ ministerial panel next month, with his call for the group to lower oil prices.
Vessels in the northern Gulf have received multiple VHF radio challenges, including demands to alter course, the United Kingdom Maritime Trade Operations said on Friday, adding they could be part of an Iranian military exercise.
LONDON, Jan 24 (Reuters) – The Russian Embassy in London said that Russia posed no threat to undersea cables in Britain and other NATO countries, after UK defence minister John Healey accused Moscow of “malign...
Maritime and offshore news trusted by our 108,883 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
