CHINA's largest shipbuilding company, Dalian Shipbuilding Industry Company (DSIC), has received an order for seven 8,800-TEU ships worth US$595 million
Dalian shipyard to build seven 8,800-TEU ships for box maker CIMC
CHINA's largest shipbuilding company, Dalian Shipbuilding Industry Company (DSIC), has received an order for seven 8,800-TEU ships worth US$595 million from container maker China International Marine Containers Group (CIMC).
The newbuildings are scheduled for delivery in 2015 and 2016 and each vessel will immediately be placed on long-term (204-month) charter contracts with Mediterranean Shipping Company (MSC) at a rate of $25,000 per day, reports gCaptain from California.
It said that once the charter period is completed the vessels will be sold to MSC for a consideration of $21.5 million.
CIMC Financial Leasing (Hong Kong) will first buy the seven vessels and then lease them to the MSC subsidiary.
Earning of CIMC Financial Leasing (Hong Kong) mainly come from vessel rent and buyout payment of remaining ship value. One-day rent of each vessel is $25,000. The MSC subsidiary will buy out these vessels at $21.5 million each when the lease agreement expires.
