News / Soaring charter rates means more orders for newbuild box ships

Zhoushan Changhong International Shipyard –credit Zhoushan Changhong International Shipyard

Non-operating shipowners and liner operators continue to order newbuildings as charter rates continue heading north.

S&P Global’s database shows Greek shipping magnate George Economou’s TMS Dry has placed firm orders for six 11,400 teu LNG dual-fuelled ships from Zhoushan Changhong International Shipyard in China.

Delivery is expected from late 2027 to late 2028, with options for four more vessels, costing $140m each.

In a driven return to the container segment in November, TMS Dry ordered ...