Monaco owner Transocean breaks into boxships with newbuilds in China
Transocean Expands Fleet with New Container Ships
Transocean Maritime Agencies, based in Monaco, is making waves in the shipping industry by entering the container segment. The company has confirmed an order for two new containerships at Guangzhou Huangpu Wenchong Shipbuilding in China, marking a significant expansion of its fleet. This move is part of a broader trend of traditional shipping companies diversifying into container shipping.
Details of the New Orders
According to industry sources and shipbuilding databases, Transocean has contracted for two vessels, each with a capacity of 1,930 twenty-foot equivalent units (teu). These ships, likely based on the yard’s “Wenchong Swan 1900” design, are named Ajax C and Apollo C, and their delivery is scheduled for 2028. Currently, these vessels are listed as under construction, indicating a clear commitment to enhancing Transocean’s fleet capabilities in the container market.
Transocean has a long-standing reputation in the dry bulk and tanker sectors, operating approximately 15 ships with an average age of seven years. The company was founded in the 1960s by Guenther Neunhoeffer and has seen various phases of growth. Its last foray into newbuildings occurred in 2024, when it ordered two ultramax bulk carriers from New Dayang Shipbuilding. This latest venture into container shipping signifies a strategic shift, reflecting the growing interest among traditional bulk and tanker players in the container sector.
Market Trends and Future Prospects
The decision by Transocean to enter the container market aligns with a noticeable trend among shipping companies. Many firms that primarily focus on bulk and tanker operations are now exploring opportunities in the container segment, particularly within the feeder range that accommodates vessels between 1,700 and 3,000 teu. This shift is driven by stable charter returns and increasing regional demand, making the container sector an attractive option for growth.
Furthermore, market sources suggest that Transocean may also place an order for two additional ships with a capacity of 3,100 teu at New Dayang Shipbuilding, with expected delivery in 2028. While these ships are projected to cost around $45 million each, the company has yet to confirm this information or provide details regarding the employment plans for the new vessels. As Transocean continues to expand its operations, the shipping industry will be watching closely to see how this transition unfolds and affects the company’s position in a competitive market.
