Orient Overseas Container Line, a subsidiary of China's COSCO
Shipping Group, has ordered five 23,000 TEU (twenty-foot equivalent
unit) container vessels from two Chinese shipyards, marking another
Chinese player joining the world's mega-container club.
The total value for these five container ships is 5.4 billion yuan
($776 million), COSCO Shipping Holdings Co, parent company of OOCL,
announced in a statement on Wednesday morning.
The ships will be built by Jiangsu province-based Nantong COSCO KHI
Ship Engineering Co and Liaoning province-based Dalian COSCO KHI Ship
Engineering Co, two joint ventures between China COSCO Shipping Group
and Japan's Kawasaki Heavy Industries.
Following global shipping giants, including MSC Mediterranean
Shipping Company SA, CMA CGM and Hyundai Merchant Marine between 2017
and 2019, shipyards are holding orders for 36 mega container vessels
with a capacity of 23,000 TEU across the world, according to data from
British shipbuilding and marine analysis agency Clarkson Research
The majority of these orders are held by South Korea's Samsung Heavy
Industries Co and Daewoo Shipbuilding and Marine Engineering.