KMTC Orders Six Boxships at Huangpu Wenchong in First Chinese Newbuilding Deal

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Yang Chen(陈洋)
Published 15:15

South Korean liner operator Korea Marine Transport Co., Ltd. (KMTC) has placed its first newbuilding order with a Chinese shipyard, signing for six 3,100-TEU containerships at CSSC Huangpu Wenchong Shipbuilding.

The contract was signed in Guangzhou on 26 October 2026 with Huangpu Wenchong and China Shipbuilding Trading Co., Ltd. (CSTC). The six vessels will provide a combined nominal capacity of 18,600 TEU. According to the shipyard, the agreement marks both KMTC’s first newbuilding project in China and its first order with China State Shipbuilding Corporation (CSSC).

KMTC joins a Korean customer base that already includes Sinokor, HMM, CK Line, Namsung Shipping and Namsung’s subsidiary Dongyoung Shipping. Their projects span small feeder containerships, midsize boxships and multipurpose heavy-lift vessels, illustrating the range of business Huangpu Wenchong has developed with South Korean owners.

A proven design adapted for KMTC

The vessels will be based on Huangpu Wenchong’s proprietary “Honghu”, or Swan, 3,100-TEU design, which has already attracted series orders from overseas customers. The yard said the design would be further refined to meet KMTC’s operating requirements, with improvements intended to enhance operating economics, flexibility and suitability for different services. Contract prices and delivery dates have not been disclosed.

KMTC has long focused on intra-Asian container shipping and has historically placed most of its newbuilding business with domestic yards. Its decision to commission six vessels in China therefore adds a new shipbuilding partner to its procurement programme. For Huangpu Wenchong, the project combines an established vessel design with customer-specific modifications as it begins working with another regional liner operator.

Korean orders accumulate in 2026

The KMTC contract follows several other Korean orders secured by Huangpu Wenchong this year. On 4 March, the yard and CSTC signed contracts with Namsung Shipping and its subsidiary Dongyoung Shipping for two 4,300-TEU vessels and two 1,900-TEU feeders. These were the yard’s first projects with the two companies.

Shipbroker G. Moundreas, in its weekly review dated 6 March, identified Namsung as the buyer of the 4,300-TEU pair and Dongyoung as the buyer of the 1,900-TEU vessels, listing delivery in 2028 for both programmes. The combination offers different operating capabilities within the same group: larger ships for routes with sufficient cargo volumes, alongside smaller feeders suited to a wider range of regional ports.

A further agreement disclosed in August covered two firm 6,400-TEU containerships for CK Line, with options for two additional vessels. Across these three disclosed programmes alone—Namsung and Dongyoung, CK Line, and KMTC—Huangpu Wenchong has secured 12 firm containership orders from Korean customers in 2026, plus two options. That total excludes earlier Korean projects and does not treat CK Line’s optional vessels as firm orders.

CK Line returns for larger ships

CK Line’s latest commitment builds on a relationship established in September 2023. CSTC’s records show that the companies signed contracts for two 2,700-TEU containerships on 20 September that year. CSSC subsequently reported that both ships were delivered in 2025.

The new 6,400-TEU order takes that relationship into a larger size segment. Counting the firm vessels in the two contracts, the disclosed programme comprises four ships; it would increase to six if both options were exercised. The latest design, developed by CSSC’s 708 Institute, has a nominal capacity of 6,406 TEU and 1,150 reefer positions.

For regional carriers, this progression illustrates how a shipbuilding relationship can develop across different fleet requirements. A yard initially selected for feeder vessels can subsequently compete for larger ships as an operator’s deployment needs change. In CK Line’s case, the follow-on contract came after delivery of the first pair.

Earlier projects with Sinokor and HMM

Huangpu Wenchong’s Korean business predates the latest wave of contracts. On 23 September 2021, the yard delivered YOKOHAMA TRADER, the first vessel in a four-ship series of 1,080-TEU containerships for Sinokor. CSSC (Hong Kong) Shipping provided financing for the programme, linking Chinese shipbuilding capacity with a financing arrangement for the Korean operator.

The yard also secured a different type of project from HMM. On 10 August 2023, Huangpu Wenchong and CSTC signed contracts for four 38,000-dwt multipurpose heavy-lift vessels. As Xinde Marine News reported at the time, the ships were intended for HMM’s own operations as it expanded its specialised transport fleet.

These projects establish the context for KMTC’s announcement. The October agreement represents KMTC’s own entry into Chinese newbuilding procurement, adding another customer to a Korean business portfolio that already includes delivered vessels and repeat contracts.

From first contracts to repeat business

The orders show several paths through which Korean owners are working with Huangpu Wenchong: first-time projects with KMTC, Namsung and Dongyoung; larger follow-on vessels for CK Line; and specialised tonnage for HMM. They also highlight the variety of fleet requirements within regional shipping, where vessel size, port access, cargo mix and service frequency can lead operators towards different designs.

The commercial significance will ultimately depend on project execution. CK Line’s move from an initial feeder order to a larger follow-on programme provides one example of how a shipbuilding relationship can develop. As the latest Korean contracts move into construction, delivery performance and operating results will help determine whether these first orders lead to further business.

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