The Hong Kong containership giant said the ships are costing $158.6m each or a combined total of $951.6m.

OOCL said it was presently arranging bank financing for about 70% of the purchase price with the remainder to come from internal sources.

The newbuildings are scheduled to be delivered from the South Korean shipbuilder sometime during 2017.

OOCL said it has entered into the shipbuilding contracts to improve the quality of service which the group provides to its customers.

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