Shanghai-listed China Shipping Container Lines (CSCL) has placed an USD 934.4 million order with Shanghai Jiangnan Changxing Shipbuilding for eight 13,500 TEU container ships.

The order was placed through CSCL's Hong Kong-based subsidiary China Shipping Container Lines (HK) Limited, and the boxships are due for delivery between April and December 2018. Each vessel is valued at approximately USD 116.8 million, and will fly the flag of Hong Kong.CSCL Hong Kong will finance the construction of the vessels through its own funds and through bank loans.

With the addition of these eight boxship, CSCL's owned fleet will have 482,386 TEU capacity, and will be the sixth largest in the world, according to Alphaliner.