LC Logistics orders two 11,000-TEU containerships for $236 million, enhancing operational scale and competitiveness in deep-sea trades.
Hong Kong-listed LC Logistics has placed an order for two 11,000-TEU ships worth about US$236 million, as reported by Singapore's Splash 247.
The vessels will be constructed by Shanghai Waigaoqiao Shipbuilding in collaboration with China Shipbuilding Trading Company. Delivery is scheduled for November 30, 2028, and April 30, 2029.
Founded in 2004, LC Logistics is the parent company of BAL Container Line and operates as an integrated cross-border seaborne logistics provider in China. The group manages its own fleet and supplements capacity with time-chartered tonnage, depending on market conditions.
Management stated that the newbuilds will enhance operational scale and reduce the cost of sales per TEU. The company added in a stock exchange filing that larger vessels will improve competitiveness in deep-sea trades and provide flexibility in volatile markets.
