Shanghai-listed Jinjiang Shipping has approved investment plans worth CNY1.94 billion (US$270 million) for new containerships, as reported by Singapore's Splash 247.

The Shanghai International Port Group-controlled carrier will order four 1,800 TEU vessels, with options for four additional ships of the same design. Each vessel is priced at approximately US$33.8 million, with options to be exercised within a specified period after contract signing.

Jinjiang stated that this move aligns with its broader strategy targeting Southeast Asian trades. The new tonnage is expected to facilitate route expansion and adjust the company's capacity mix.

The carrier added that the new ships will enhance its premium services, enabling higher-end offerings across Southeast Asian routes. Additionally, it aims to strengthen connections between Northeast Asia and Southeast Asia, providing customers with more routing options while improving operational efficiency.

According to Alphaliner, Jinjiang Shipping ranks 34th globally, operating 52 vessels with a total capacity of approximately 59,400 TEU, of which 26 are owned. This latest order follows a recent deal for up to four 1,100 TEU ships at Sumec Marine, underscoring its focus on regional feeder and intra-Asia trades.

If all options are exercised, this plan would represent one of Jinjiang's largest single newbuilding investments to date.