CSCL to acquire up to 11 ships of 21,000 teu
China Shipping Container Lines (CSCL) has announced plans to lease up to 11 Ultra Large Container Vessels (ULCVs) of 21,000 teu via a wholly-owned subsidiary under a bareboat charter.
In a filing to the Hong Kong Stock Exchange, the shipping line, which is China’s second largest carrier after Cosco, said that it will bareboat charter six of the ships with an option to charter an additional five.
The carrier said that it will operate the six ships for six months of the charter agreement and then decide whether to order the additional five, adding that it was following an industry trend of operating larger vessels.
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