Hamburg Sud Orders Boxships

8 September 2010 (Last Updated September 8th, 2010 18:30)

Hamburg Sud has ordered eight 3,800teu box ships from China's Shanghai Shipyard. The German shipping company is reportedly paying around $50m for each ship and is said to have made a 40% down payment for the order. Hamburg Sud is scheduled to take delivery of the ships in 2012-13,

Hamburg Sud has ordered eight 3,800teu box ships from China's Shanghai Shipyard.

The German shipping company is reportedly paying around $50m for each ship and is said to have made a 40% down payment for the order.

Hamburg Sud is scheduled to take delivery of the ships in 2012-13, according to asiasis.com.