TS LINES (02510.HK): shipbuilding contract for two 11,000 TEU vessels
On 3 November 2026, TS LINES (02510.HK) said the buyer and sellers signed shipbuilding contracts for two 11,000 TEU container vessels at USD 123,000,000 each, or USD 246,000,000 in total (about HKD 1,918,800,000), with delivery expected in 2030.
Key Highlights:
- The two 11,000 TEU container vessels cost USD 123,000,000 each and USD 246,000,000 in total.
- Delivery is expected in 2030, and the transaction is discloseable as one or more percentage ratios exceed 5% but stay below 25%.
NewTimeSpace News: On 3 November 2026, T.S. Lines Limited (stock code: 02510) announced that the buyer and sellers signed shipbuilding contracts for two 11,000 TEU container vessels at USD 123,000,000 each and USD 246,000,000 in total (about HKD 1,918,800,000). Delivery is expected in 2030.
The price was agreed after arm's length negotiation by reference to comparable vessel prices and other yard quotes. As one or more ratios exceed 5% but stay below 25%, the construction is a discloseable transaction under Chapter 14.
