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CIMC buys boxships backed by charters to MSC

China International Marine Container (CIMC) has ordered two containerships of 8,800 teu each for a total of $170m, backed by charters to Mediterranean Shipping Company (MSC).

Lee Hong Liang, Asia Correspondent

September 13, 2013

1 Min Read

Kalyakan - stock.adobe.com

CIMC Financial Leasing, a unit of CIMC, announced that the containerships will be chartered to MSC for 17 years at $25,000 a day. The shipyard is New Times Shipbuilding in China.

The latest deal follows a $425m order in July by CIMC for five 8,800 teu boxships built at the same Chinese yard, and another deal for seven similar ships priced at $895m each, built at Dalian Shipbuilding Industry Corp.

About the Author

Lee Hong Liang

Asia Correspondent

Singapore-based Lee Hong Liang provides a significant boost to daily coverage of the Asian shipping markets, as well as bringing with him an in-depth specialist knowledge of the bunkering markets.

Throughout Hong Liang’s 14-year career as a maritime journalist, he has reported ‘live’ news from conferences, conducted one-on-one interviews with top officials, and had the ability to write hard news and featured stories.

See more from Lee Hong Liang

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