News / Cosco orders all-electric feeder vessels to carry boxes on the Yangtze

Shanghai Pan-Asia Shipping, the intra-Asia unit of Cosco Shipping Lines, has signed time-charter agreements with leasing affiliate Cosco Shipping Development (CSD) for two electric 700 teu feeder vessels.

CSD ordered the vessels from affiliated shipbuilder Cosco Shipping Heavy Industry (Yangzhou) for $18.24m, according to the company’s filing to the Hong Kong Stock Exchange on Friday.

After delivery, in late 2023, the feeders will ferry containers between Shanghai and Wuhan, along the Yangtze, promoting green inland waterway transport.

Shanghai Pan-Asia is expected to charter ...