Another ULCV Joins OOCL’s 21,000 TEU Club
- Business & Finance
Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) christened today another 21,413 TEU boxship, the OOCL Germany, at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea.
The newbuilding is the second of the company’s six 21,000+ TEU class vessels on order at the shipyard.
In May 2017, the first ultra large container vessel (ULCV) from the batch, the 21,413 TEU OOCL Hong Kong, was added to the company’s fleet.
The OOCL Germany and its sister vessels are designed with green features that can help meet future environmental requirements, according to OOCL.
“The … technologies in these newbuildings are truly pushing boundaries,” Andy Tung, Chief Executive Officer of OOCL, said during his commemorative remarks at the naming ceremony.
“As a ship owner, meeting environmental requirements are important considerations when working with the shipyard to ensure that we can make the vessel as ‘future proof’ as possible, particularly how we are seeing environmental standards and requirements becoming more and more stringent in the industry over the years,” Tung added.
As informed, the financing for the ship is secured through an arrangement with Shinsei Bank.
The 197,500 dwt OOCL Germany, which features a length of 400 meters and a width of 58.8 meters, will serve the Asia-Europe trade lane on the LL1 service.
In a 77-day round trip, the vessel will have the following port rotation: Shanghai / Ningbo / Xiamen / Yantian / Singapore / via Suez Canal / Felixstowe / Rotterdam / Gdansk / Wilhelmshaven / Felixstowe / via Suez Canal / Singapore / Yantian / Shanghai.
“With the new mega vessels, new partnerships and new strategies in our business, OOCL is confident with our path towards a positive trajectory into the long-term sustainable future,” the company pointed out.