Carriers need to cut more capacity for March GRIs to hold
Container freight spot rates on the major trades continued to slide this week, forcing carriers ...
Orient Overseas International Ltd (OOIL), parent of Orient Overseas Container Lines (OOCL), said today it had ordered ten 16,000 teu ships.
The Cosco unit said in a Hong Kong Stock Exchange filing the newbuilding order, for $1.58bn in total, would be equally split between affiliated shipbuilders Dalian Cosco KHI Ship Engineering (DACKS) and Nantong Cosco KHI Ship Engineering (NACKS).
Both are joint-ventures between the Cosco group and Japanese shipbuilder Kawasaki Heavy Industries.
The newbuildings are expected to be delivered between Q4 24 and ...
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