9.2 C
Hamburg
Sunday, October 17, 2021
Home News TS Lines places four-ship order at Huangpu Wenchong

TS Lines places four-ship order at Huangpu Wenchong

Taiwanese intra-Asia carrier TS Lines has commissioned the building of two 1,900TEU ships from CSSC Huangpu Wenchong Shipbuilding of China.

Container News reported in June that TS Lines was looking to order new ships to expand its owned fleet, as its business continues to prosper.

Each newbuilding is priced at US$22.8 million and delivery is set for between the third and fourth quarters of 2022. The order comes with options for two more vessels. Huangpu Wenchong is part of state-owned shipbuilding conglomerate China State Shipbuilding Corporation.

Due to restrictions around the Covid-19 virus the signing ceremony for TS Lines' new vessels took place online. Credit TS Lines.

Due to Covid-19-related travel restrictions, the newbuilding contract signing was done through video-conferencing on 11 September 2020, between TS Lines chairman Chen Te-sheng, Huangpu Wenchong’s chairman Sheng Jigang as well as Wu Aijun, deputy general manager of China Shipbuilding Trading, the CSSC group’s in-house broker.

The newbuildings will be fitted with scrubbers to comply with the International Maritime Organization’s sulphur emissions cap.

TS Lines now operates 56 routes and 44 ships, with a total capacity of 98,000TEU. The company owns 14 of the vessels, of which eight have scrubbers installed. It is expected that two more ships will be installed with scrubbers at the end of February 2021.

Next year, two 2,700TEU newbuildings will be delivered, giving TS Lines ownership of 50% of its operated fleet.

A company representative told Container News, “Owning more ships means we can cut our charter costs. Intra-Asia shipping is doing well, and the low oil price environment is in our favour. We had wanted to order newbuildings, but the travel restrictions meant that it took a longer time to negotiate with overseas yards.”

Martina Li
Asia Correspondent

Latest Posts

Konecranes reach stacker arrives at the most southern port of the world

Dirección Provincial de Puertos – Argentina (DPP) has recently accepted delivery of a Konecranes Liftace reach stacker for their operations in Ushuaia, at the...

Unblocking the paper-jam

When Malcolm McLean laid the foundations for what’s now become the global containerisation phenomenon, his vision was for standardisation across the entire supply chain....

Port of Helsinki sees decreased turnover amid stable box traffic in 2021

The Port of Helsinki has recorded high levels of cargo traffic, during the first nine months of the year, mainly driven by exports, with...

APM Terminals Pipavav connects to the Western Dedicated Freight Corridor

APM Terminals Pipapav is the first Indian Port to connect to the Western Dedicated Freight Corridor (DFC) with a 269km railway, following the completion...

Maersk and Danish Crown partner on global end-to-end logistics

A.P. Moller - Maersk has entered into a three-year agreement with the food manufacturer Danish Crown for end-to-end logistics globally. The deal is effective from...