Cosco Shipping Expands Orderbook with Major Dual-Fuel Boxship Orders
The Chinese liner operator has contracted 18 new vessels across domestic yards in a drive to climb global carrier rankings.
Cosco Shipping has committed to a substantial round of newbuilding contracts across Chinese shipyards as part of an effort to secure a position among the world's top three liner operators. The ambitious fleet expansion strategy puts the Chinese carrier in a position to potentially surpass Denmark-based Maersk Line in global capacity standing.
The investment involves a mix of ultra-large tonnage and smaller feeder capacity. On the larger end, the carrier commissioned 12 LNG dual-fuelled container vessels from Shanghai Waigaoqiao Shipbuilding, each with a nominal capacity of 22,000 TEU.
The 22,000 TEU units carry an estimated construction price tag of approximately $224 million each. Deliveries for this series of alternative-fuel vessels are slated to commence in 2028 and extend through 2030.
To complement the large mainline tonnage, Cosco also placed an order for six 3,200 TEU feeder vessels with CSSC Huangpu Wenchong Shipbuilding, pushing the group's forward delivery pipeline to new highs.
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