MSC has acquired 2 newbuilding contracts for a pair of 14,000 teu ships
currently under construction at Jiangnan Shipyard from BAL Container Line for
$133.3m in total or $66.65m for each ship. BAL's parent company, LC Logistics,
will book a profit of $49m from the sale as the book value of these ships stand
at $84.3m for the first 2 installments paid to Jiangnan for the construction of
the ships so far.
The 2 ships were ordered by BAL in June 2022 and are scheduled for delivery in
July and Sept