COSCO Shipping has once again made headlines with its latest order of six 13,600 TEU container ships, signed in partnership with Hudong-Zhonghua Shipbuilding on October 28th. Just days after the leasing deal with Seaspan, COSCO’s second major transaction this month further cements its position as a global shipping powerhouse and reinforces the “China Power” in global maritime.

These new vessels, built under a contract showcasing “Four Chinese Elements”—Chinese shipowner, Chinese classification society, Chinese shipyard, and RMB settlement—are designed to embody the latest in green technology. With eco-friendly engines, shore power systems, and advanced hull coatings, these ships meet the most stringent international environmental standards and are adaptable for future green fuel retrofits.

Notably, COSCO’s commitment to using RMB for this transaction reflects its proactive role in driving currency internationalization, reducing exchange risks, and showcasing China’s growing influence in maritime finance.

Secondly, these new orders mark a strategic shift, as COSCO opted for conventional fuel over methanol—a departure from recent trends toward alternative fuels. Additionally, unlike previous orders placed within COSCO's own shipyards, these vessels will be constructed in partnership with China State Shipbuilding Corporation (CSSC), signaling a renewed collaboration between two of China’s leading central enterprises.

As part of COSCO’s strategic focus on Latin America, these vessels will support key routes to the Americas, including the Far East-Mexico and Europe-South America lanes, facilitating rapid and efficient global trade.

The container shipping industry is evolving rapidly, with increasing orders for next-gen vessels driven by fleet renewal, environmental regulations, and the need for supply chain resilience. COSCO’s continued investments showcase its foresight in aligning with these global trends.

by Xinde Marine News Chen Yang

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