Seacon Shipping Group Holdings Limited said its indirect wholly owned subsidiary Seacon Shipping had entered into arrangements to acquire six new vessels for a total consideration of $198.6 million, following the replacement of existing shipbuilding contracts, reports Port News.
The company disclosed that on December 26, 2025, Seacon Shipping signed a replacement agreement with the seller, the seller’s agent and the previous buyer, under which the previous buyer transferred all rights and obligations under the original shipbuilding contract to Seacon Shipping at zero consideration. The previous buyer had not paid any installments under the original contract.
Upon completion of the replacement, and subject to amendments specified in the agreement, the shipbuilding contract remains in full force and effect. Under the contract, Seacon Shipping Group agreed to purchase, and Nantong Xiangyu Shipbuilding & Offshore Engineering Co., Ltd. agreed to sell, six vessels for a total price of $198.6 million, implying a unit price of $33.1 million.
The vessels are six 63,800 deadweight ton bulk carriers currently scheduled for construction, with planned delivery dates ranging from January 30, 2027, to November 30, 2027.
The company said the previous buyer was a Marshall Islands–registered company jointly owned by Seacon Shipping Group and Aurora Ships, each holding a 50% interest.
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Source: Port News
