Under the contract, Yangzijiang will initially build two dual-fuel container ships with a capacity of 14,000 TEU.

There is option for eight more vessels at $115 million per hull, making a total contract value of $1.15 billion.

The two vessels are expected for delivery from mid-2022.

Additionally, the deal is among Yangzijiang’s largest orders in value, according to the group’s CEO Ren Letian.

These new orders mark an encouraging start for Yangzijiang for 2020 amid the coronavirus outbreak, which now has been labeled a pandemic; we will prepare for the worst but hope for the best,

...he commented.