Orient Overseas Unit to Charter 6 Container Vessels

MT Newswires Live
2024-10-22

Orient Overseas (International)'s (HKG:0316) unit Orient Overseas Container Line is chartering six vessels from various lessors for a term of 15 years commencing from the date of delivery, a Tuesday bourse filing said.

On this basis, the maximum aggregate charter-hire payment payable for all vessels is around 11.2 billion yuan.

The vessels comprise newly-built container vessels, each with a nominal loading capacity of roughly 13,580 TEU.

Shares of the logistics company closed over 2% higher on Tuesday.

Price (HKD): $109.60, Change: $+2.5, Percent Change: +2.33%

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