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CA Shipping orders four boxships from Huangpu WenchongCA Shipping orders four boxships from Huangpu Wenchong

CA Shipping, an indirectly non-wholly owned subsidiary of CSSC (Hong Kong) Shipping is ordering a quartet of containerships from CSSC Huangpu Wenchong Shipbuilding.

Katherine Si, China Correspondent

August 3, 2022

1 Min Read
Scott Graham - Unsplash
Photo: Scott Graham - Unsplash

The total contract value is $110m. CA Shipping has further entered into an option agreement with Huangpu Wenchong Shipbuilding and has purchase options to acquire four more vessels at the same consideration of $110m.

The first four vessels are expected to be delivered at the end of July, September, November 2024 and the end of March 2025, respectively. The option vessels are scheduled for delivery in April, June, August and October 2025 if the purchase options are exercised finally. 

The acquisitions represent a strategic move for the group to expand the proportion of feeder containerships in its vessel portfolio, said CSSC Shipping, the purchase of vessels from CSSC Group and its associates enables the group to secure the earliest possible ship delivery timetable, which will improve the ultimate operation efficiency.

About the Author

Katherine Si

China Correspondent

China-based Katherine Si has worked in the maritime industry since 2008 is well-connected with local industry players including Chinese owners and yards.

Having majored in English Katherine started at news portal ShippingChina.com where she rose to become a News Editor. In 2008 she moved to work with Seatrade and has since held numerous positions including China correspondent for Seatrade Maritime Review magazine.

With extensive experience in writing, research and social media promotion, Katherine focuses on the shipping and transport sectors.

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