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SinOceanic orders ten 8,800 teu boxships from Jinhai

SinOceanic orders ten 8,800 teu boxships from Jinhai
Norway-based SinOceanic Shipping has ordered ten 8,800 teu containerships from China-based Jinhai Heavy Industries on behalf of an undisclosed third party.

The state-of-the-art eco boxships, scheduled for delivery from mid-2015, will enter into long term charters.

“The total transaction, consisting of the combined value of the vessels and the charter parties, has a total gross value of approximately $2.4bn,” SinOceanic Shipping said in a statement.

The company added it will provide management services during the vessel construction process and after delivery. It will receive a “customary annual management fee” for the services rendered.