OOCL delays again

Delivery of OOCL’s first two Chinese newbuildings has been pushed back again, meaning they will be handed over nearly five years after their original due date.

The Kong Kong owner said the ships will now be ready in the first half of 2015, compared to the fourth quarter of 2014 previously.

The vessels are the first in a series of four 8,888-teu box vessels ordered at Hudong-Zhongua in 2007 for $484.8m.

The original delivery date was late in 2010, but the shipping crisis intervened.

In 2012, completion was put back to 2014.

All other terms of the contracts are unchanged.

Ships three and four are also due in 2015.