News / OOCL orders five new megamax box ships to boost Asia-North Europe services

ID 93772228 © Xishuiyuan | Dreamstime.com

OOCL says it will be able to run a standalone Asia-North Europe loop following the delivery of five 23,000 teu newbuilds in 2023.

Parent Orient Overseas (International) Ltd (OOIL), a subsidiary of Cosco Shipping, said it had entered into “arm’s length” commercial newbuild contracts with state-owned Cosco shipyards, Nantong Cosco KHI Ship Engineering for two vessels and Dalian Cosco for three, at $156m per unit.

“Based on the group’s evaluation on price, technical terms and delivery schedule, the Nantong and Dalian offers ...