-1.3 C
Hamburg
Tuesday, January 26, 2021
Home News Kanway Line orders 1,900TEU pair at Huangpu Wenchong

Kanway Line orders 1,900TEU pair at Huangpu Wenchong

Kanway Line, a minor Taiwanese feeder operator, has commissioned firm orders for two 1,900TEU ships from CSSC Huangpu Wenchong Shipbuilding.

Huangpu Wenchong's immediate parent, China CSSC Holdings, disclosed the newbuilding orders in a filing to the Shanghai Stock Exchange on 20 November 2020.

The orders, scheduled for delivery in 2022, come with options for another two vessels. While the contract price was not disclosed, similar ships contracted recently at the same shipyard have a current market value of around US$25 million each.

The newbuildings, each with a length of 172m and width of 27.5m, will be of the Bangkokmax design.

Originally established by Yeh Yu Tai as Fuhai Marine Enterprise, or Fuhai Line, in 1994, the company was re-incorporated as Kanway Line in 2003.

Prior to 2009, Kanway Line operated as a non-vessel owning common carrier, focusing on services between Taiwan, Hong Kong and southern China.

The company acquired a 1998-built 1,675TEU ship, Kanway Global, in 2009, marking its foray into ship owning. In 2014 a second vessel, the 1,613TEU Kanway Galaxy, was purchased. These are the only two ships in Kanway Line’s fleet presently.

Kanway Global is operated by Kanway Line on a service connecting the Taiwanese ports of Kaohsiung, Keelung, Taichung with Hong Kong and Shekou in southern China. Kanway Galaxy has been chartered out to Indonesian feeder operator Samudera Shipping Line.

Kanway Line also purchases slots from compatriot liner operator Yang Ming Marine Transport for the Hong Kong-Haiphong service.

Martina Li
Asia Correspondent

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

​OOIL to issue new shares on the market

Orient Overseas International Limited (OOIL) has entered into a Placing and Subscription Agreement with Faulkner Global Holdings Limited, its immediate parent company and part...

Updated: IMO Condemns Mozart pirates in escalation of African Piracy

In a significant escalation in West African pirate attacks, one crew member has been killed, while 15 seafarers have been kidnapped, on the container...

CU Lines guarantees equipment for maiden Asia-North Europe service

China United Lines (CULines) is assuring all shippers that it has enough containers to go around as it launches a solo Asia-North Europe service. In...

Port of Rotterdam test smart mooring system

The Port of Rotterdam has installed a smart bollard, developed in collaboration with the mooring and dredging company Straatman BV, along the quay of...

Busan Port Authority to build a new warehouse at the Probolinggo Port

Busan Port Authority (BPA) will establish and operate a bonded warehouse at the Probolinggo Port in East Java in order to expand its logistics...