Independent journal on economy and transport policy
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TS Lines moves to acquire new container carriers of greater capacity
The Taipei company has ordered four 7,000 teu ships from China's SWS
July 8, 2021
A new order issued by TS Lines in shanghai waigaoqiao shipbuilding co. (SWS) of the Chinese group CSSC for the construction of four container container ship of 7,000 teu that will be the most capacityed ships of the company that currently operates a fleet of 43 ships, of which less than half of the property, for a capacity total of 90,000 teu. The investment by the company is over $300 million. The ships will be taken over between April and November 2024.
On the occasion of the announcement of the new order, the Taipei has announced its intention to proceed with the issuance of orders for further new ships, also thanks to the substantial increase in both operating results, with volumes transported and this year is expected to reach the share of 1.9 million teu with an increase of +11% on 20202, both in financial results, with expected revenues of 46 billion Taiwanese dollars in 2021 (US$1.6 billion), up +70%, and with a profit of expected net of 17 billion (+183%).
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