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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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