Qingdao Shipyard announced it had entered into the shipbuilding contract with a Belgian shipowner for the construction of four 5,900teu containerships.

The four containerships are scheduled for delivery before 2025, to the undisclosed Belgian owner.

Container shipping market started to improve from the second half of 2020, and the market will maintain positive outlook in 2021. The shipyard is adjusting industrial structure and strengthening the competitiveness in containership market, said the shipyard.

Currently, Qingdao Shipyard has six 5,900 teu boxship order on hand.

Source: Seatrade Maritime