Maersk and Hapag-Lloyd line up major newbuild order to boost Gemini fleet
Newbuilding activity has continued unabated, as liner operators compete for market share ahead of the ...
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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