Xiamen Shipbuilding Heavy Industry has won orders for two ultra-large PCTC vessels.

2013-09-17 09:00

Ocean Yield ASA of Norway announced on the 16th that it has signed a contract with Xiamen Shipbuilding Industry Co., Ltd. of China for the construction of two 8,500-car capacity pure car and truck carriers (PCTCs).

The two new vessels are scheduled for delivery in January and April 2016 respectively, and a bareboat charter contract has been signed with Hoegh Autoliners.

Hoegh has already ordered four similar vessels (delivered in 2015) from this shipyard, which are currently under construction. The company plans to oversee this construction project.

Ocean Yield also stated that the estimated construction cost of this new project is approximately US$137 million, of which approximately 70% of long-term debt financing has been secured.