Cosco places billion-dollar order for new megamaxes

Chinese container line Cosco orders seven 23,000 teu container vessels through OOIL, set to be built at two different shipyards in China. The first vessels are expected to hit the water in 2023.

Photo: PR / Port of Hamburg

Chinese container line Cosco orders several megamaxes, the first of which is slated to enter the fleet just three years from now.

Through OOIL, Cosco has placed and order for seven 23,000 teu vessels set to be built at two different Chinese shipyards over the coming years. The vessels are scheduled for delivery between the third quarter of 2023 and the third quarter of 2024, writes Cosco in an announcement.

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