SinOceanic Shipping ASA has entered into a contract with Jinhai Heavy Industries, China, to build 10 x 8800 TEU state-of-the art super eco containerships for delivery from mid 2015. Upon delivery, all vessels will enter into long term, fixed charter parties, a company press release reads.
The vessels will be built to meet the latest IMO CSS Code for container vessels, where keels are laid on or after 1 January 2015.
The total transaction, consisting of the combined value of the vessels and the charter parties, has a total gross value of approximately USD 2.4 billion.
SinOceanic Shipping ASA will provide management services during the building process and after delivery of the vessels. The company will receive a customary annual management fee for the services rendered.