World News
Reports: COSCO Order for 20,000 TEU Capacity Containerships Confirmed
Rumours that China Ocean Shipping Company (COSCO) is making an order for several 20,000 TEU containerships have been confirmed by brokers, according to a a number of media reports.
The reports indicate that COSCO have ordered nine of the mega-boxships accross three yards, with options for four more.
Four of theships will be built by Shanghai Waigaoqiao Shipbuilding, three will be built by Nantong Cosco KHI Ship Engineering, and the remaining two will be built by Dalian Shipbuilding Industry Co (DSIC).
COSCO has not yet commented publicly on the matter.
It has been noted that the deal will elevate COSCO above 1 million slots for the first time.
The order comes amongst a string of mega-containerships orders made by shippers as the industry moves towards larger vessels that reduce per TEU per container costs.
Earlier this year, both Maersk Line and Orient Overseas (International) (OOIL) made orders for 20,000 TEU containerships.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.50 | 2.00 | 778.50 | 8.50 |
| Rotterdam | 602.00 | 0.50 | 748.00 | 6.00 |
| Houston | 624.00 | 5.00 | 792.00 | 3.50 |
| Fujairah | 649.50 | 2.00 | 898.00 | 3.00 |
| Global 20 Ports Average | 662.00 | 2.00 | 855.00 | 1.50 |
| Global 4 Ports Average | 631.00 | 1.00 | 804.00 | 0.50 |
| Global Average Bunker Price | 717.50 | 0.50 | 913.50 | 1.00 |
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