Sep 21, 2022 04:01 AM

BUSINESS

Cosco Shipping to Order 15 More Containerships

By Li Rongqian, Bao Zhiming and Denise Jia

What’s new: Chinese state-owned giant Cosco Shipping Holdings Co. Ltd. (601919.SH) plans to order 15 containerships at a cost of $2.9 billion from an affiliated shipyard, Caixin learned from Cosco Shipping Heavy Industry Co. Ltd.

The containerships cost $170 million to $230 million each and are expected to be delivered starting in 2025. Some of them will be methanol dual-fuel vessels, according to Norwegian shipping news media TradeWinds.

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