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 Newbuilding Report |  OOCL signs up for ten 16,000 teu boxships
 
OOCL signs up for ten 16,000 teu boxships
2021-09-03
Hong Kong’s Orient Overseas Container Line (OOCL) has entered into shipbuilding contracts with two yards belonging to parent, COSCO Shipping, for the construction of ten 16,000 teu containerships.

Five of the vessels will be built at Nantong Cosco KHI Ship Engineering (NACKS) and the other five at Dalian Cosco KHI Ship Engineering (DACKS). The total price of the seven ships is around $1.57bn and delivery is scheduled between the fourth quarter of 2024 and the fourth quarter of 2025. The two yards are controlled by COSCO and Kawasaki Heavy Industries.

The newbuilds will be equipped with energy saving and emission reduction technologies, which will generate cost advantages as well as help in environmental protection, OOCL parent company, Orient Overseas International, said. Each ship will be financed by no more than 60% bank financing, whilst the balance of the contract price should be funded from internal resources.

The latest deal takes OOCL’s newbuilding orderbook to 22 vessels.
 
 Nantong COSCO KHI (NACKS)
 NACKS has won an order for a 61,000 ton bulk carrier from Japan's Sansho Kaiun (2020-07-28)
 南通中远海运川崎获得日本“Sansho Kaiun”一艘6.1万吨散货船订单 (2020-07-28)
 南通中远海运川崎获得日本“Masumoto”1+1艘8.2万吨散货船订单 (2020-06-10)
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