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CSCL confirms 21,000 TEU boxships order
CHINA'S second biggest shipping line, China Shipping Container Lines (CSCL), has confirmed through its wholly owned subsidiary in Hong Kong that a bareboat charter deal over six 21,000 TEU containerships are to be built at Shanghai Waigaoqiao Shipbuilding (SWS).
China Shipping Group's CSCL announced last week that it planned to bareboat charter up to 11 units of 21,000 TEU containerships of which five will be options exercisable after six months of charter for the first six ships, according to Seatrade Maritime News.
The ships are owned by China Shipping Nauticgreen Holdings Company, an indirect wholly owned subsidiary of CSG.
CSCL said it expects to generate profits from the vessel charters. The charter hire for each of the vessel is US$41,000 per day for the charter period of 12 years.
"The charter hire is determined by reference to the market freight rates for liners in the Far East and Europe trade lanes during the past five years (2010 to 2014)," the company added.
"The vessel charter will further help optimise the group's fleet structure, maintain a reasonable proportion between the self-owned vessels and leased vessels of the group, and enhance the group's comprehensive competitiveness," it said.
The box ships will be jointly classed by China Classification Society (CSSC) and Lloyd's Register (LR).
The shipbuilder SWS, subsidiary of China State Shipbuilding Corporation (CSSC), won an order to construct three 19,000 TEU vessels for China Cosco Holdings in September, and in May it clinched a contract to build six 11,000 TEU ships for an European shipowner.
Two years ago, it secured orders to build three 18,000 TEU containerships for France's CMA CGM.
China Shipping Group's CSCL announced last week that it planned to bareboat charter up to 11 units of 21,000 TEU containerships of which five will be options exercisable after six months of charter for the first six ships, according to Seatrade Maritime News.
The ships are owned by China Shipping Nauticgreen Holdings Company, an indirect wholly owned subsidiary of CSG.
CSCL said it expects to generate profits from the vessel charters. The charter hire for each of the vessel is US$41,000 per day for the charter period of 12 years.
"The charter hire is determined by reference to the market freight rates for liners in the Far East and Europe trade lanes during the past five years (2010 to 2014)," the company added.
"The vessel charter will further help optimise the group's fleet structure, maintain a reasonable proportion between the self-owned vessels and leased vessels of the group, and enhance the group's comprehensive competitiveness," it said.
The box ships will be jointly classed by China Classification Society (CSSC) and Lloyd's Register (LR).
The shipbuilder SWS, subsidiary of China State Shipbuilding Corporation (CSSC), won an order to construct three 19,000 TEU vessels for China Cosco Holdings in September, and in May it clinched a contract to build six 11,000 TEU ships for an European shipowner.
Two years ago, it secured orders to build three 18,000 TEU containerships for France's CMA CGM.
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