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containershipsgroup.com

Stage

Acquired | Acquired

Total Raised

$23.48M

About Containerships

Containerships is a short sea end-to-end operator providing full service logistics from producer to consumer. Containerships services are designed to offer a competitive and environmentally friendly alternative to road transport through frequent departures and the use of 45-foot containers that offer the same loading capacity as road trailers.

Containerships Headquarters Location

Linnoitustie 6 C

Espoo, 02600,

Finland

+358 207 441 441

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Latest Containerships News

Cosco Shipping to Order 15 More Containerships

Sep 20, 2022

Cosco Shipping to Order 15 More Containerships What’s new: Chinese state-owned giant Cosco Shipping Holdings Co. Ltd. (601919.SH) plans to order 15 containerships at a cost of $2.9 billion from an affiliated shipyard, Caixin learned from Cosco Shipping Heavy Industry Co. Ltd. The containerships cost $170 million to $230 million each and are expected to be delivered starting in 2025. Some of them will be methanol dual-fuel vessels, according to Norwegian shipping news media TradeWinds. Cosco Shipping Holdings and Cosco Shipping Heavy Industry are subsidiaries of state-owned China Cosco Shipping Corp., which is the merged entity of China Ocean Shipping (Group) Co. (Cosco) and China Shipping (Group) Co. Cosco Shipping is the third-largest container carrier in the world, with fleet of 498 container vessels and a total capacity of 3 million twenty-foot equivalent units (TEUs). During the pandemic, Cosco Shipping placed four large shipbuilding orders for 34 new ships with 590,000 TEUs. The background: Shipping lines around the world are racing to build new vessels amid a continuing boom in container shipping. Profits generated from high freight rates allow carriers with abundant cash flow not only to buy new ships but also to pay for logistics, terminals and other assets, industry insiders said. Cosco Shipping earned 64.7 billion yuan of profit in the first half of this year and 89.3 billion yuan last year, according to its earnings report. As new ships begin to launch, shipping broker Clarkson said it expects global container fleet capacity to grow 3.7% this year and 8.1% in 2023. Quick Takes are condensed versions of China-related stories for fast news you can use. To read the full story in Chinese, click here . Contact reporter Denise Jia (huijuanjia@caixin.com) and editor Bob Simison (bob.simison@caixin.com) Download our app to receive breaking news alerts and read the news on the go. Get our weekly free Must-Read newsletter. RELATED

  • Where is Containerships's headquarters?

    Containerships's headquarters is located at Linnoitustie 6 C, Espoo.

  • What is Containerships's latest funding round?

    Containerships's latest funding round is Acquired.

  • How much did Containerships raise?

    Containerships raised a total of $23.48M.

  • Who are the investors of Containerships?

    Investors of Containerships include CMA CGM Logistics, Nordic Environment Finance Corporation and European Commission.

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