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Zhonggu Logistics orders ten 4,600 TEUers at Yangzijiang

CHINA's largest domestic container shipping line Zhonggu Logistics has placed an order at Yangzijiang Shipbuilding for the construction of ten 4,600 TEU containerships as part of its recently announced newbuild programme

08 February 2021 - 19:00
CHINA's largest domestic container shipping line Zhonggu Logistics has placed an order at Yangzijiang Shipbuilding for the construction of ten 4,600 TEU containerships as part of its recently announced newbuild programme.

Last month, the company disclosed a plan to build up to eighteen 4,600 TEU ships with the total value of the contracts to be around RMB4.5 billion (US$695million).



The vessels are expected to be delivered in the next 2-4 years and will be deployed for domestic coastal shipping services, according to Singapore's Splash 247.



The newbuilding contracts will be funded by the proceeds from the IPO the company completed in September last year.



Alphaliner data shows Zhonggu Logistics operates a fleet of 116 ships with total capacity of 171,459 TEU, making it the largest domestic containerline in China.


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