SIMIC

Seven indirect wholly-owned subsidiaries of OOIL respectively entered into the shipbuilding contracts with Dalian Cosco KHI Ship Engineering for the construction of four vessels at a cost of $157.71m each and Nantong Cosco KHI Ship Engineering for three vessels at a cost of $157.68m each.

The vessels are expected to be delivered between the third quarter of 2023 and the third quarter of 2024.

Related: OOCL orders five 23,000-teu boxships at Cosco yards for $778m

The order is a part of the group’s long-term strategic development and growth plan to build and deploy mega-sized vessels that bring optimal fleet structure and capacity, which could also strengthened the group’s position at the top echelon in the industry, said OOIL.

In March this year, OOCL ordered two 23,000 teu container vessels at Dalian KHI Ship Engineering and three at Nantong KHI Ship Engineering.