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Shanghai-listed Jinjiang Shipping has approved investment plans worth CNY1.94 billion (US$270 million) for new containerships, reported Singapore's Splash 247.
The Shanghai International Port Group-controlled carrier will order four 1,800 TEU vessels, with options for four more of the same design. The firm ships are priced at about US$33.8 million each, with options to be exercised within a set period after contract signing.
Jinjiang said the move aligns with its wider strategy, targeting Southeast Asian trades. The new tonnage is expected to support route expansion and adjust the company's capacity mix.
The carrier added the ships will strengthen its premium services, enabling higher-end offerings across Southeast Asian loops. It also aims to tighten links between Northeast Asia and Southeast Asia, giving customers more routing choices while improving efficiency.
Jinjiang Shipping ranks 34th globally, according to Alphaliner, with 52 vessels totalling about 59,400 TEU, of which 26 are owned. The bangkokmax order follows a recent deal for up to four 1,100 TEU ships at Sumec Marine, highlighting its focus on regional feeder and intra-Asia trades.
If all options are exercised, the latest plan would mark one of Jinjiang's largest single newbuilding investments to date.
https://www.shippingazette.com/news?news_id=9260100000024
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