Lloyd's List is part of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

MSC linked to Minsheng Leasing newbuilds order at Chinese yard

The two post-panamax newbuilds will be chartered to Mediterranean Shipping Co, which is still in talks with Minsheng Leasing and DSIC to order four more, according to sources familiar with the deal

Fresh tonnage will be fitted with scrubbers and adopt the so-called LNG-ready design, meaning their propulsion systems can be converted to burn liquified natural gas if needed in future

DALIAN Shipbuilding Industry Co has won orders for a pair of 16,000 teu containerships from Minsheng Financial Leasing.

The Chinese yard, part of state conglomerate China State Shipbuilding Corp, said the fresh tonnage is a duplicate of the seven newbuildings agreed in March.

They will be fitted with scrubbers and adopt the so-called LNG-ready design, meaning their propulsion systems can be converted to burn liquified natural gas if needed in future.

Sources familiar with the deal said the vessels would be chartered to Mediterranean Shipping, which is in talks with the Minsheng Leasing and yard to order four more.

The Geneva-based carrier and the Chinese lessor have been approached for comment.

MSC was reportedly also behind the March orders — consisting of a total of 13 16,000 teu ships, including seven at DSIC and six at its sister firm Guangzhou Shipyard International — although the shipowner has not confirmed or denied the claim.

Brokers say Minsheng Leasing may have picked up the optional vessels held by MSC in the previous deal.

The order binge comes as the world’s second largest container shipping carrier is on track to move up another rung in the sector.

It operates a fleet of 591 boxships comprising nearly 4m teu. That compares with 707 ships run by the current number one Maersk, with an aggregate capacity of 4.1m teu, latest figures from Alphaliner show.

However, MSC boasts an order book of 34 ships, or 635,888 teu, compared with Maersk’s 15 ships of 39,388 teu on order.

Lloyd’s List reported that MSC is also to charter 11 dual-fuel 15,300 teu ships for 18 years from Singapore-based owner Eastern Pacific Shipping.

The move represents a significant shift in strategy for the world’s second largest container shipping carrier, which had resisted the accelerating trend towards LNG-fuelled tonnage.

Related Content

Topics

UsernamePublicRestriction

Register

LL1136749

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel