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  3. Cido Shipping makes boxship return after 3,5 years hiatus
Cido Shipping makes boxship return after 3,5 years hiatus

Cido Shipping makes boxship return after 3,5 years hiatus

Cido Shipping has set orders for two plus two 15,900 teu ships at Hyundai Heavy Industries in South Korea, after a three-and-a-half-year hiatus.

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Each unit is valued at $126 million by brokers Intermodal. According to Alphaliner, the ships will be delivered in 2022 and 2023 and will be chartered to Mediterranean Shipping Co (MSC) for a long time.

Cido, a South Korean shipping giant with offices in Seoul and Hong Kong, exited the container market in 2017 when it sold ten ships to MPC Container Ships for $130 million in an en bloc contract.

According to online ship pricing site VesselsValue, Cido has a large fleet that includes nine bulkers, 22 tankers, three gas carriers, and 35 car carriers.

Maritime Business World 

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