Big Investment in Ship Building

Orders for new ships continue to rise as carriers are looking to add capacity.  Highlights of recent orders can be found below:
• The leasing unit at China Merchants Bank, CMB Financial Leasing (CMBFL), has ordered two 16,000 teu ships from Guangzhou Shipyard International (GSI) for long-term lease to MSC
• CMB VP Liu Peng said the company had financed more than 10 ships for MSC and “forged a deep friendship” with the Swiss-Italian liner operator, which is closing in on Maersk’s pole position among container carriers
• The initial six-ship order from MSC marked GSI’s first for containerships
• MSC now has 4.08m teu in operating capacity, from 197 owned ships and 416 chartered vessels, and Alphaliner says there are 47 ships, for 852,020 teu, on order. Additionally, MSC has been the most active in buying second-hand ships, with at least 60 bought since last September
• Evergreen president Eric Hsieh has defended the carrier’s decision to invest heavily in new builds, particularly a 2019 order for a dozen 24,000 teu containerships when freight rates were depressed. Mr Hsieh told shareholders the delivery of the ships, between now and 2023, was well-timed to benefit from the current spike in freight rates. This year, we will take delivery of 33 new buildings of more than 260,000 teu, growing our capacity by 18%. In the next three and a half years, 42 new ships will be delivered, adding more than 550,000 teu to our fleet.”
• Linerlytica analyst Tan Hua Joo told The Loadstar the Taiwanese liner operator would have the fourth-largest fleet of ultra-large containerships of over 18,000 teu,  behind MSC, Cosco and Maersk
Source: The Loadstar

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