Order for box ship
The new building contract was signed on 20 July, on the same day that TS Lines took delivery of the 2,700TEU TS Nansha. The price was not disclosed but each of the 1,900TEU ships that TS Lines ordered earlier is now valued at around US$36 million.
TS Lines boss Chen Te-sheng said that he wants the company to raise the proportion of its owned fleet to manage rising charter costs. The earlier batch of 1,900TEU new buildings is scheduled for delivery in 2022, while the latest order is expected to be ready in 2023.
New orders
On 6 July, TS Lines ordered four 7,000TEU ships from Shanghai Waigaoqiao Shipbuilding, another shipyard under the China State Shipbuilding Corporation (CSSC); upon delivery in 2024, these vessels will be deployed on new routes to the Persian Gulf and India.
After acquiring some second-hand vessels, TS Lines’ owned fleet of 21,342TEU now forms 54% of its total operating capacity.
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Source: India Seatrade
