Financial Ports

Zhonggu bets big: 14,000 TEU ships signal China’s boxship race

CLAVE 1 / 4Zhonggu Shipping Group has ordered two 14,000 TEU containerships at Hudong-Zhonghua Shipbuilding, its largest newbuild commitment to date.

CLAVE 2 / 4The vessels are conventionally fuelled, with no disclosed value or delivery timeline.

CLAVE 3 / 4The deal follows Zhonggu Logistics’ RMB6.86bn ($1bn) investment in 18 smaller containerships earlier this year.

CLAVE 4 / 4Hudong-Zhonghua’s orderbook expands further after recent contracts from China United Lines and German provider Peter Döhle.

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