• ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
    -0.6%
  • OTVI.USA
    13,721.420
    82.630
    0.6%
  • TLT.USA
    2.840
    0.040
    1.4%
  • TSTOPVRPM.ATLPHL
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  • TSTOPVRPM.CHIATL
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    -0.070
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  • TSTOPVRPM.LAXSEA
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    -9%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    13,754.510
    83.820
    0.6%
  • OTRI.USA
    21.920
    -0.140
    -0.6%
  • OTVI.USA
    13,721.420
    82.630
    0.6%
  • TLT.USA
    2.840
    0.040
    1.4%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
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  • TSTOPVRPM.LAXDAL
    2.280
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    -8.4%
  • TSTOPVRPM.PHLCHI
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  • TSTOPVRPM.LAXSEA
    2.720
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    -9%
  • WAIT.USA
    127.000
    0.000
    0%
American Shipper

China Shipping confirms order for 8,530-TEU ships

China Shipping confirms order for 8,530-TEU ships

   China Shipping Container Lines confirmed it has ordered four 8,530-TEU containerships from the Hudong-Zhonghua shipyard, based in China.

   The Shanghai-based carrier also has an option to buy a fifth 8,530-TEU ship from the yard, which is part of China Shipbuilding (Group) Co.

   China Shipping Container Lines will pay $372 million for the first four vessels ($93 million per ship). The first vessel will be delivered in October 2007 and the other three during 2008.

   The vessels will reportedly have a length of 334 meters (1,096 feet), a width of 42.8 meters (140 feet) and a speed of 25 knots.

   The orders are significant because the ships will be the largest built by a Chinese shipyard. This could intensify the competition between Chinese yards and South Korean shipbuilders, who are dominating the container shipping sector for very large vessels.