Apr 2, 2015

OOCL orders six 20,000-TEU boxships from Samsung

Orient Overseas Container Line (OOCL) announced on March 31 that it has ordered six 20,000-TEU mega-containerships from South Korea's Samsung Heavy Industries. Total contract value is given at $951.6 million, or $158.6 million apiece, and all units will be completed by the end of 2017. Among the members of G6 Alliance, to which OOCL belongs, Mitsui OSK Lines (MOL) has already decided on the construction of six identical mega-ships and their deployment to the Europe route within 2017. It is seen that the duo's combined 12 units will create one loop to serve the Europe route.

OOCL did not reveal major specifications and other details of the newbuildings, but it is the third operator to have ordered mega-boxships exceeding 20,000 TEUs in capacity, following MOL and CMA-CGM which also announced its order for such ships only recently. As the 12 units of OOCL and MOL will be completed almost around the same time, it is believed that the duo will deploy the 12 units as one loop on the Europe route, as mentioned above.

For OOCL, the 20,000-TEU mega-ships in the latest deal are its super-large boxship arrangement following its 13,000-TEU ships currently assigned on the Europe route. The 13,000-TEU ships, delivered in 2013-2014, were also constructed by Samsung. Four of them are now under charter by Nippon Yusen Kaisha (NYK), also a member of G6. When the charter assignment to NYK expire in 2017, six 20,000-TEU units in the latest deal and 10 13,000-TEU units will consist OOCL's mega-boxship fleet.

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