Jinjiang Shipping Doubles Feeder Vessel Order with Four Additional Containerships

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Shanghai listed Jinjiang Shipping has exercised options for four additional containerships at Yangzijiang Shipbuilding, doubling its latest feeder vessel construction program as the carrier continues to expand its presence across Southeast Asian trades.

The company disclosed that its wholly owned subsidiary, Manqiang Shipping, signed contracts with Jiangsu New Yangzi Shipbuilding and Jiangsu Yangzi Hongyuan Shipbuilding for the construction of four more vessels with a capacity of 1,900 teu.

The contracts are valued at a combined RMB820 million, equivalent to approximately $120.8 million. Each vessel carries a contract value of around RMB205 million. Deliveries are scheduled to begin from May 2029.

The latest order follows Jinjiang Shipping’s earlier contract for four firm vessels at the same shipbuilding group. Those ships, also valued at RMB820 million in total, are expected to enter service starting in 2028.

Together, the contracts complete the company’s previously announced 4+4 newbuilding plan, which has a total potential value of up to RMB1.94 billion. The vessels are designed for Bangkokmax operations, allowing the carrier to optimize services across regional Asian trade routes.

The decision reflects a broader fleet renewal strategy as operators seek greater efficiency and flexibility in short sea and intra Asia container services. Much like replacing older trucks in a logistics fleet, modern feeder vessels can offer improved fuel efficiency, lower operating costs, and better deployment options across growing regional networks.

Jinjiang Shipping has steadily increased its focus on Southeast Asia, one of the fastest growing container markets in the region. The carrier previously indicated that the first batch of vessels formed part of a wider plan to strengthen its network and support future growth opportunities.

The additional ships will provide greater capacity and operational flexibility as trade volumes continue to shift within Asia. Regional services have become increasingly important for carriers seeking stable demand amid ongoing uncertainty in global container markets.

According to Alphaliner, Jinjiang Shipping ranks as the world’s 32nd largest liner operator. The company currently operates a fleet of 54 vessels with a combined capacity of approximately 63,400 teu.

Around half of the fleet is owned, giving the carrier a relatively balanced mix of owned and chartered tonnage. The latest vessel commitments suggest the company remains focused on expanding ownership while modernizing its fleet profile over the coming years.

With deliveries extending through 2029, the new ships are expected to support Jinjiang Shipping’s long term network development strategy across regional container trades.

^{Source: Splash247}