Ciner charts return to boxships with China newbuilds

Turkish industrial giant Ciner Group is set to make a significant comeback in the container shipping industry with the construction of two new vessels at China’s New Dayang Shipyard. Each of the 3,100 TEU ships is estimated to cost around $44 million, with deliveries anticipated by late 2027. While specific design features remain undisclosed, industry insiders indicate that these vessels will be designed for regional and intra-Asia trade routes.

Background and Previous Ventures

Ciner Group has a history in container shipping, having previously owned four post-panamax vessels, each with a capacity of 9,030 TEU, built between 2015 and 2016. These ships were initially chartered to the now-defunct Hanjin Shipping. Following Hanjin’s collapse, Ciner sold the vessels as a complete set in 2021, marking its exit from the container shipping sector at that time. Despite this past withdrawal, the Istanbul-based conglomerate is now looking to re-establish its presence in the market.

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In addition to its upcoming container ships, Ciner Group is recognized for its bulk carrier fleet and has maintained a strong relationship with New Dayang Shipyard. The company has previously placed orders for ultramax bulk carriers at the same facility, showcasing its ongoing commitment to maritime ventures. As Ciner Group prepares to launch these new container vessels, the industry watches closely to see how this move will impact the competitive landscape of container shipping in the coming years.