COSCO Sets Sights on 19,000 TEU Megaships

China Cosco Holdings Co. is gearing up to order at least ten 19,000 TEU containerships, an investment worth around USD 1.4 billion, the Wall Street Journal writes citing sources with direct knowledge of the matter.

As informed, the order is expected to be placed by the end of May at a Chinese shipyard, which is being selected at the moment.

The ships are intended to be deployed in the Asia-to-Europe trade loop.

The announcement comes on the back of several 20,000 TEU containership orders placed by shipping majors over the recent period as they up the ante in container trade.

Cosco’s plans seem to have been triggered by the growing pressure from the competition despite previous doubts on whether these ships could be filled with enough cargo as othwerwise their efficiency is put to question.

The most recent orders for these giants of the seas include OOCL’s order for six mega containerships that will feature  21,100 TEU units, as announced by their builder, South Korean shipbuilder Samsung Heavy Industries (SHI). These will be the biggest boxships to be constructed yet on global scale.

Japanese shipping company Mitsui O.S.K. Lines, Ltd. has ordered six 20, 000 TEU containerships whereas the French liner company CMA CGM has ordered three 20,600 TEU boxships at Hanjin Heavy Industries.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >

MARITIME INDUSTRY 2020

The future of the maritime sector is the point of focus during Maritime Industry 2020.

read more >