Two Chinese leasing companies are said to have ordered ultra-large containerships (ULCs) for delivery on the back of long-term time charters from Swiss container line Mediterranean Shipping Co (MSC).

Shipbuilding sources said ICBC Financial Leasing (ICBC FL) and CSSC Shipping Leasing have each ordered two 24,000-teu newbuildings for delivery in 2023.

They added that each booked one vessel at Jiangnan Shipyard and another at Hudong-Zhonghua Shipbuilding (Group), both of which are part of state-owned shipbuilder CSSC.