OOCL Germany calls at Eurogate Container Terminal in Wilhelmshaven,Germany Photo: EUROGATE

Hong Kong- based container delivering business Orient Overseas Container Lines has actually put shipbuilding orders for 7 extra 23,000 TEU megaships at Chinese backyards.

The shipbuilding agreements, worth even more $1.1 billion in accumulation, were introduced Tuesday in a supply dental filling by Orient Overseas (International) Limited, OOCL’s moms and dad business. They agreements were authorized with COSCO-affiliated shipyards in Nantong and also Dalian, which will certainly build 3 and also 4 vessels each, specifically.

Delivery is expected for the 3rd quarter of year 2023 and also 3rd quarter of 2024.

The agreements improve OOCL’s order for 5 23,000 TEU shipsplaced in March 2020 For those, Nantong is creating 3 of the vessels while Dalian is creating the various other 2. Delivery is prepared to start 2023.

At 23,000 TEU ability, the vessels will certainly be the biggest in OOCL’s fleet, surpassing its 6 G-class ships which appear at 21,000 TEU. The G-Class ships were bought in 2015 and also yet an adhere to on order for extra ships never ever emerged because of bad market problems at the time adhered to by COSCO’s recommended $6.3 billion requisition of OOIL. The merging was finished in mid 2018 and also incorporated the fleets of COSCO and also OOCL, assisting create what is currently the globe’s 3rd biggest delivery team.