OOIL orders two more 8,600-TEU ships from Chinese yard
Hong Kong-based Orient Overseas (International) Ltd., parent of OOCL, has ordered another two 8,600-TEU ships from Hudong-Zhonghua Shipbuilding (Group) Co. Ltd., the operating arm of China State Shipbuilding Corp.
The latest deal, made via two of OOIL’s wholly owned Marshall Islands-based subsidiaries, is valued at a total of $241.4 million. OOIL said it is arranging financing for 80 percent of the purchase price of each vessel with the balance coming from internal resources.
The vessels are expected to be delivered in the third and fourth quarters of 2011, respectively.
In October, OOIL ordered four 8,600-TEU ships from the Chinese yard at a cost of $482.8 million.