THE ningbo Ocean Shipping Company (NBOSCO) has joined its peers in the newbuilding arms race, reports London's Loadstar.
The shipping company has ordered three 3,300-TEU ships at Yangzijiang Shipbuilding and three 1,400-TEU ships at Penglai Zhongbai Jinglu Ship Industry.
Yangzijiang is China's largest non-state-owned shipbuilder while Jungly Shipyard is controlled by the government through a 51 per cent stake held by Qingdao Military-Civilian Integration Development Group.
The newbuildings will be delivered from late 2023 to early 2024. The contract price wasn't disclosed, though a 3,300-TEU newbuilding is priced at US$35 million a 1,400 TEU at $23 million.
NBOSCO has been expanding its liner service network from East Asia, launching new routes to Southeast Asia as part of the Belt and Road initiative.
SeaNews Turkey
The shipping company has ordered three 3,300-TEU ships at Yangzijiang Shipbuilding and three 1,400-TEU ships at Penglai Zhongbai Jinglu Ship Industry.
Yangzijiang is China's largest non-state-owned shipbuilder while Jungly Shipyard is controlled by the government through a 51 per cent stake held by Qingdao Military-Civilian Integration Development Group.
The newbuildings will be delivered from late 2023 to early 2024. The contract price wasn't disclosed, though a 3,300-TEU newbuilding is priced at US$35 million a 1,400 TEU at $23 million.
NBOSCO has been expanding its liner service network from East Asia, launching new routes to Southeast Asia as part of the Belt and Road initiative.
SeaNews Turkey
