OOCL orders ten new container vessels

Chinese-owned container carrier OOCL, part of the Cosco group, has placed an order for ten new vessels on top of the 12 already underway from Chinese shipyards.

Photo: PR / OOCL

Hong Kong-based carrier Orient Overseas Container Line (OOCL) has placed an order for ten new large neo-panamax container vessels, which will be delivered from Chinese shipyards.

The newbuild order is valued at a total of USD 1.58 billion, and the ten additional newbuilds follow in the wake of an order for 12 large container vessels in 2020, according to a press release from OOCL's parent company Orient Overseas International Limited (OOIL). Each of the vessels will have a capacity of 16,000 teu.

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