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Yangzijiang wins contract for 10 boxships from Zhonggu Logistics

Yangzijiang wins contract for 10 boxships from Zhonggu Logistics

As part of its recently announced newbuilding program, Chinese domestic container shipping major Zhonggu Logistics has placed an order at Yangzijiang Shipbuilding for the construction of ten 4,600 TEU containerships.

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Last month, the company announced a deal to build up to 18 4,600 TEU ships, and the total value of the contracts will be around RMB4.5 billion ($695 million).

In the next 2-4 years, the vessels are scheduled to be completed and will be deployed for domestic coastal shipping services.

The new construction contracts will be financed by the company's proceeds from the IPO that was completed in September last year.

Alphaliner data shows that Zhonggu Logistics operates a fleet of 116 vessels with a total capacity of 171,459 TEU, making it China's largest domestic container company.

Maritime Business World 

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