HONG KONG's Orient Overseas Container Line (OOCL), now a Cosco unit, has agreed to charter six newly built 13,580-TEU containerships from Seaspan for a period of 15 years, reports Genoa's Informare.
The maximum agreed value of all rentals amounts to CNY11.2 billion (US$1.6 billion). Rentals will start from the date of delivery of the new ships which is planned to be for two units in the last quarter of 2026, for another two from the first quarter of 2026.
Leasing for the last two containerships will start from the first quarter of 2028.
oocl parent, OOIL, which was acquired by Cosco in 2017, said chartering newbuilds would 'steadily increase the fleet capacity of the group'.
Seven 24,000-TEU and ten 16,000-TEU ships are under construction for OOCL at affiliated shipyards Cosco KHI Ship Engineering and Nantong Cosco KHI Ship Engineering for delivery from later this year to 2028. Meanwhile, its in-service fleet stands at 58 vessels, of 934,955 TEU.
Seaspan commissioned the newbuildings in what is the first CNY-denominated ship building contract, as the Chinese government works to internationalise the currency as part of the Belt and Road initiative.
SeaNews Turkey
The maximum agreed value of all rentals amounts to CNY11.2 billion (US$1.6 billion). Rentals will start from the date of delivery of the new ships which is planned to be for two units in the last quarter of 2026, for another two from the first quarter of 2026.
Leasing for the last two containerships will start from the first quarter of 2028.
oocl parent, OOIL, which was acquired by Cosco in 2017, said chartering newbuilds would 'steadily increase the fleet capacity of the group'.
Seven 24,000-TEU and ten 16,000-TEU ships are under construction for OOCL at affiliated shipyards Cosco KHI Ship Engineering and Nantong Cosco KHI Ship Engineering for delivery from later this year to 2028. Meanwhile, its in-service fleet stands at 58 vessels, of 934,955 TEU.
Seaspan commissioned the newbuildings in what is the first CNY-denominated ship building contract, as the Chinese government works to internationalise the currency as part of the Belt and Road initiative.
SeaNews Turkey
