Hai An approves up to $70 million for two feeder vessels

Hai An Transport and Stevedoring has approved investment of up to $70 million in two 1,928 TEU feeder containerships, Splash247 reports.

The vessels are planned at Guangzhou Wenchong Shipyard, with China Shipbuilding Trading involved. The report puts an August letter of intent at $66.96 million for the pair; the larger approved ceiling also covers equipment, personnel and associated costs.

Completion is planned for October and November 2029. The $70 million figure is the approved investment ceiling; the construction package is described in the earlier letter of intent.

Source: Splash247 · original report