SinOceanic to facilitate 10-ship order

   The Norwegian ship investment company SinOceanic Shipping said Thursday that, on behalf of unnamed foreign interests, it has entered into a contract with Jinhai Heavy Industries in China to build 10 x 8,800 TEU “state-of-the art, super eco containerships.”
   The total transaction, consisting of the combined value of the vessels and the charter parties, has a total gross value of approximately $2.4 billion. The ships will start delivering in mid-2015. Upon delivery, all vessels will enter into long term, fixed charter parties.
   The vessels will be built to meet the latest IMO Cargo Stowage and Securing Code for vessels with keels laid on or after January 1, 2015.
   SinOceanic said it will provide management services during the building process and after delivery of the vessels. The company will receive a customary annual management fee for the services rendered. – Chris Dupin