Chinese leasing house Bank of Communications Financial Leasing (Bocomm Leasing) has entered into shipbuilding contracts with CSSC-affiliated China Shipbuilding Trading, Jiangnan Shipyard and Hudong Zhonghua Shipbuilding for the construction of four 24,000 teu mega boxships.
According to the contracts, Jiangnan Shipyard and Hudong Zhonghua will build two vessels each. Delivery of ships is expected in 2023. The total order value is approximately $ 600 million. The contracts follow after China Shipbuilding Group signed a strategic partnership with Bank of Communications in December, under which the bank agreed to provide a 100 billion yuan ($ 15.3 billion) line of credit to China Shipbuilding Group.