China International Marine Containers (Group) subsidiary CIMC Financing Leasing Co. (Hong Kong) has signed a contract with Dalian Shipbuilding Industry to build seven 8,800-TEU container ships, a $595 million (RMB 3.675 billion) contract, according to the company’s public note published on Shanghai Securities Exchange on July 4.
Hong Kong CIMC Financing Leasing Co. also signed a 204-month-long container shipping leasing contract with a subsidiary company of Mediterranean Shipping Co., the world’s second-largest shipping company, headquartered in Geneva, Switzerland.
According to the contracts, Financing Leasing Co. (Hong Kong) will buy the seven ships from Dalian Shipbuilding Industry and lease them to a subsidiary company of MSC. The earliest delivery time will be the second quarter in 2015, when the market is about to improve, according to industry forecasts.
CIMC is dedicated to manufacturing and supplying containers, trailers, tank equipment and airport facilities. This is the second time the company will be involved in shipbuilding and leasing.