Shanghai Jinjiang Shipping has secured board approval to invest up to CNY1.94 billion (US$270 million) in new feeder containerships, reports Amsterdam area's Breakbulk News.
The programme covers four firm 1,800-TEU vessels with options for four more, subject to shipyard selection and tender pricing. The resolution, passed on December 26, does not require shareholder approval as it is not a related-party transaction or major restructuring.
The ships are designed as modern intra-Asia workhorses, replacing older tonnage and improving fuel efficiency. Specifications include a length of about 147.9 metres, beam of 23.25 metres, draft of 8.5 metres, service speed of 18.5 knots and about 145 refrigerated plugs.
The order reflects confidence in feeder demand across Northeast and Southeast Asia, where availability has remained tight. Jinjiang said construction costs are covered by the investment ceiling, with final values to be set after competitive tendering.
Management described the programme as incremental capacity to optimise fleet structure and strengthen Silk Road Express services linking China with Southeast Asia. Analysts noted the 1,800-TEU segment offers flexibility for ports with draft or berth limits while capturing economies of scale.
Financing will combine internal funds and external capital, with payment schedules finalised once contracts are signed. The company said the project will not materially affect near-term financial stability.
The move comes amid record container ship ordering in 2025, with Chinese yards taking the bulk of contracts. While ultra-large vessels dominate headlines, feeders in the 1,800- to 4,500-TEU range are central to renewal plans as carriers adapt to tighter efficiency rules from the International Maritime Organisation.
Ports and logistics providers expect modern feeders to improve schedule integrity and equipment availability, though questions remain about long-term capacity balance if demand softens. Contract awards and yard selections will signal delivery timing and Jinjiang's expansion pace.