Independent journal on economy and transport policy
10:42 GMT+1
CENTRO INTERNAZIONALE STUDI CONTAINERS
ANNO XXXVIII - Numero MARZO 2020
MARITIME TRANSPORT
OOCL TAKES OFF THE GLOVES
"Under the aegis of its new parent company Cosco
Shipping, OOCL has returned to its original strategy with a slight
delay. Five new 23,000 teu vessels are being built by 2023 on the
Chinese mainland, near Shanghai"
It's never too late. The ink has hardly dried on new contracts
signed by the Hong Kong-based carrier OOCL with the shipyards
Nantong Cosco KHI Ship Engineering and Dalian Cosco KHI Ship
Engineering for five giant containership newbuildings. Each of the
ships, which costs USD 155.7 million a piece, will offer the
shipping line the capacity to carry another 23,000 teu. The units
are due to be delivered in 2023. OOCL's fleet already includes six
huge G class vessels today, with a capacity to carry approximately
21,000 teu each. These ships were ordered in March 2015, and
represented the first step in OOCL's expansion into this class of
huge freighters for services in the trade between Asia and Europe.
OOCL's original plan had been to order a second batch of six ULCVs.
This extension of the original order was ditched in the wake of the
shipping crisis of 2016 and the subsequent phase of the sale of the
OOIL Group to Cosco Shipping in 2017 and 2018. Now it has been
revived as a quintet.
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