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China Shipping Container Lines orders eight 13,500-TEU ships

SHANGHAI's China Shipping Container Lines (CSCL) has ordered eight 13,500-TEU ships from at Shanghai Jiangnan Changxing Shipbuilding, continuing last year's fleet expansion. 

Jiangnan Changxing will design and build the ships for the subsidiary and China Shipbuilding Trading Company (CSTC) will take charge of money collection. Contractual value is US$934 million, or $117 million per unit. 



The newbuilds will be deployed in the Asia-US east coast trade routes and are scheduled for delivery from April 2018 to December 2018, reports New York's Marine Link. 



"The group positively responds to the development trend for large-scale container vessels in the shipping market, adheres to low-carbon environmental protection initiatives, and is committed to adjusting and optimising the structure of its fleet," CSCL said. 



CSCL said the subsidy for the retirement and replacement of ships will have a positive effect on its 2015 annual results. 



CSCL was aggressive in bringing in new capacity during 2014. Its fleet increased by 19 percent year-over-year as eight 10,000-TEU ships and two 19,100-TEU vessels were delivered. On Dec. 31, 2014 CSCL had 158 container ships with a total capacity of 726,613 TEU, and had carried eight million TEU. 
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