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China United Lines (CULines) is venturing towards larger ships, ordering a pair of 7,000 teu vessels from Shanghai Waigaoqiao Shipbuilding (SWS) on Friday.
CULines co-CEO Raymond Chen and SWS chairman Wang Qi attended a ship construction contract signing ceremony, with delivery expected in H224.
The newbuilding price was not disclosed although VesselsValue estimates the current price of a similar ship at around $78m.
Majority controlled by the Chinese state, CULines started out as an NVOCC before launching intra-Asia liner services with chartered ships, ...
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