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COSCO SHIPPING Holdings Co ( (HK:1919) ) has issued an update.
COSCO SHIPPING Holdings’ subsidiary OOIL has ordered 12 new container vessels via its indirect wholly owned units, signing shipbuilding contracts on 29 April 2026 for a total consideration of US$2.22 billion. Each vessel costs US$185 million, with deliveries scheduled between the third quarter of 2028 and the first quarter of 2030, and payment to the shipyards made in five instalments tied to construction milestones.
OOIL plans to finance up to 60% of each vessel’s contract price through external debt or bank loans, with the remainder funded from internal resources, which underscores a significant long-term capacity and fleet investment. The transactions meet Hong Kong’s discloseable transaction thresholds, and the contracts include liquidated damages for delivery delays and failure to meet technical specifications, providing some protection to COSCO SHIPPING’s interests and clarifying risk allocation for investors.
The most recent analyst rating on (HK:1919) stock is a Sell with a HK$10.60 price target. To see the full list of analyst forecasts on COSCO SHIPPING Holdings Co stock, see the HK:1919 Stock Forecast page.
More about COSCO SHIPPING Holdings Co
COSCO SHIPPING Holdings Co., Ltd. is a leading Chinese container shipping and logistics company, operating through subsidiaries including Orient Overseas (International) Limited (OOIL). The group focuses on global liner services and related maritime transport, competing in the international container shipping market across major trade lanes.
Average Trading Volume: 27,415,335
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$244.8B
Find detailed analytics on 1919 stock on TipRanks’ Stock Analysis page.