News / Cosco request for 10 neo-panamaxes pushes orderbook to 21% of the fleet

The ship-buying bonanza has continued with news of another order, this time for 10 neo-panamax vessels for Cosco Ship Holdings (CSH) from its sister company Cosco Shipping Heavy Industry (Yangzhou), in a $1.5bn deal.

The order, for six 14,092 teu vessels at $146m each and four of 16,180 teu at $155m each, will see the ships delivered to CSH from the end of 2023 through to the second half of 2025.

The company said, in a Hong Kong Stock Exchange filing, that ...