Dalian Shipbuilding (DSIC) Books Seven Containerships

CIMC FL (HK), a wholly-owned subsidiary of the China International Marine Containers (CIMC), and Dalian Shipbuilding Industry Corporation (DSIC) signed, on July 3, a shipbuilding contract worth $595 million.

Under the contract, DSIC will build seven 8,800 TEU containerships to be delivered from 2015 to 2016.

The new vessels will bear DSIC’s Hull No. C8800-2/3/4/5/6/7/8.

According to the shipbuilding contract and the charter agreement, signed between CIMC and Mediterranean Shipping Co, the company will first purchase the vessels from DSIC and then lease them to the charterers. The aggregate principal amount payable by the charterers to CIMC FL (HK) under the arrangement is equal to the total purchase costs for the vessels.

[mappress]
Shipbuilding Tribune Staff, July 4, 2013