COSCO Shipping Holdings has reportedly ordered 18 new containerships, valued at approximately $2.99 billion. This latest acquisition increases the company's total newbuilding commitments for the year to 48 vessels, with an overall investment of around $8 billion, as reported by Splash 247.

The recent order includes 12 LNG dual-fuel megamax vessels. These large containerships are slated for construction at Shanghai Waigaoqiao Shipbuilding, a facility under CSSC, according to the source publication.

Additionally, the package comprises six wide-beam feeder ships. These smaller vessels will be built at Huangpu Wenchong, another shipyard affiliated with CSSC, Splash 247 stated.

This expansion signifies a substantial investment by COSCO Shipping Holdings in its containership fleet. The inclusion of LNG dual-fuel vessels suggests a move towards more environmentally conscious shipping solutions.

The new orders contribute to the company's strategic growth in the maritime logistics sector. The diverse types of vessels, from megamax to feeder ships, indicate a comprehensive approach to fleet development.