Chinese leasing house Bank of Communications Financial Leasing (Bocomm Leasing) has entered into shipbuilding contracts with CSSC-affiliated China Shipbuilding Trading, Jiangnan Shipyard and Hudong Zhonghua Shipbuilding for the construction of four 24,000 teu mega boxships, reports Splash247.
Strategic agreement
Under the contracts, Jiangnan Shipyard and Hudong Zhonghua will each built two vessels. Delivery of the vessels are expected in 2023. The total value of the order is around $600m.
The contracts follow China Shipbuilding Group signed a strategic cooperation agreement with Bank of Communications in December, under which the bank has agreed to provide a credit facility of RMB100bn ($15.3bn) to China Shipbuilding Group.
Financial leasing deal
Earlier this month, it was reported by multiple shipbroking houses that Mediterranean Shipping Co (MSC) is looking to order a series of 23,000 teu mega boxships at Chinese yards including Hudong Zhonghua and Jiangnan Shipyard.
The latest ships order by Bocomm Leasing is likely to be chartered to MSC under a financial leasing arrangement.
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Source: Splash247
