Taiwanese carrier TS Lines on 24 July confirmed its order for two 1,800 teu container ships with options for another two at China Ship Building Corporation (CSBC).
TS Lines chairman TS Chen said although the decision to order the four box ships was made four years ago when newbuilding prices were declining, the company postponed the plan to wait for prices to drop further.
The price of these 1,800 teu box ships is USD27 million each, USD3 million cheaper than four years ago, according to CSBC chairman Lai Sun-Quae.
The two vessels are scheduled for delivery in March and May 2017.
Related news:CSBC to build two 1,800 teu box ships for TS Lines
TS Lines currently operates 41 vessels and 47 services, six of which were established in the first half of 2015.
TS Lines shipped a total of 770,000 teu during January-June period, up 27% from a year ago.
The carrier recorded revenue of TWD24 billion and profit of TWD1 billion for full-year 2014. Its revenue for the first half of 2015 has reached TWD14.2 billion, up 25% on a year ago, while its profit for the same period stood at TWD800 million, amounting to 80% of its total profit in 2014.