Mega ship prices far below 2010 levels

A Chinese bank is behind an order for three 18,400 teu ships that were ordered at DSME earlier this summer, at a lower price than what UASC recently signed a order for, and far lower than what Maersk Line paid for Triple-E.

Photo: APM Terminals

The Chinese Bank of Communications Financial Leasing is apparently behind an order for three massive container ships with a capacity of 18,400 teu. The order was placed earlier this summer at the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME), according to Lloyds List.

Supposedly, MSC will charter the ships from the bank on long term contracts, to be used for container shipping on Asia-Europe. The bank is paying USD 140.5 million for each of the three new ships, which will be delivered in 2015. That's less than the USD 150-155 million United Arab Shipping Company (UASC) has paid for each of its coming 18,800 teu ships at Hyundai Heavy Industries, acccording to Alphaliner.

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