August 22, 2017 12:27 PM ET

Machinery

Company Overview of Nantong Cosco KHI Ship Engineering Co.

Company Overview

Nantong Cosco KHI Ship Engineering Co. is a joint venture between Kawasaki Heavy Industries Ltd. and COSCO Shipbuilding Industry Company.

No.117, Linjiang Road, Chongchuan District

Nantong,  22600-5

China

Founded in 1999

Key Executives for Nantong Cosco KHI Ship Engineering Co.

Nantong Cosco KHI Ship Engineering Co. does not have any Key Executives recorded.

Nantong Cosco KHI Ship Engineering Co. Key Developments

CHINA COSCO Holdings Company Limited Places Order for 11 New Ships to Dalian Cosco KHI Ship Engineering, Nantong Cosco KHI Ship Engineering, Waigaoqiao Shipbuilding and Dalian Shipbuilding Industry

CHINA COSCO Holdings Company Limited has placed an order for construction of eleven 19,000 TEU container ships worth $1.5 billion. Under the deal, six box ships will be built by Dalian Cosco KHI Ship Engineering (DACKS) and Nantong Cosco KHI Ship Engineering (NACKS), Waigaoqiao Shipbuilding will be in charge of building three boxships, and the remaining two will be built by Dalian Shipbuilding Industry. COSCO added that it would finance the deal from internal sources and bank loans. The ultra-large container carriers are expected to be delivered in 2018 within the framework of the shipping company's fleet renewal plan. Also, pace of new mega-ship deliveries is expected to pick up in 2017. All are to be deployed on the Asia-Europe trades. Already, 37 ships of 13,800-20,000 Twenty-foot Equivalent Units (TEU) have been delivered so far this year. A further 13 ships within this size range are due to be delivered by December, again all are bound for the same tradelane, reports Alphaliner. Next year deliveries of ships of this size will drop to 37, including thirteen 19,000 to 20,000 TEU vessels, 11 of which are to be taken in charge by Italian-Swiss Mediterranean Shipping Company.

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