SIPG orders four container vessels from Tsuneishi

This is the first time that Japan's Tsuneishi Shipbuilding, through its overseas subsidiary TZS, has received orders for new ship construction from a Chinese state-owned company.

Two of the newbuildings are scheduled for completion in 2016 and the other two in 2017. Financial terms of the contract were not revealed.

The four new vessels will be operated by Shanghai Haihua Shipping Co (Hasco), which handles regular container transport on shipping routes between China and Japan and between China and Southeast Asia.

The newbuildings will feature energy efficient functions to reduce fuel consumption and emissions.