Simatech Shipping has ordered up to four 4,350 20-foot-equivalent unit, wide-beam container ships from Taizhou Kouan Shipbuilding, a privately-owned Chinese yard, for $150 million.
The deal is Simatech’s first container ship order in eight years and marks a shift into a larger size of vessel for the carrier. It includes two firm orders, with two additional vessels optional, scheduled for delivery from the second half of 2015.
Mohammad Maghami, Simatech’s chairman and chief executive, said in a written statement that the ships will be used in the line’s existing China-India services. The savings in bunker consumption was the main reason for choosing this new design, despite the good number of post-Panamax ships that are available in the market, he explained.
Simatech’s owned fleet at present comprises 10 vessels.
Simatech is also teaming up with Evergreen Line and NYK Line to start a new service linking India, Bangladesh and Pakistan, and is expanding its operations on the east coast of Africa, including the development of a modern container terminal in Mogadishu, Somalia.