Latsco in for Huangpu Wenchong boxship brace
Latsco Shipping Expands with New Container Vessels
Greece’s Latsco Shipping is making significant strides in the containership sector by securing newbuild contracts in China. The company, traditionally known for its tanker and gas carrier operations, has finalized a deal for two 1,900 TEU vessels at Huangpu Wenchong shipyard. These ships are expected to be delivered in 2027, with each vessel costing approximately $31 million.
Strategic Growth in Container Shipping
Under the leadership of Paris Kassidokostas-Latsis, Latsco Shipping is diversifying its fleet, which currently consists of over 30 vessels. The company’s entry into the container shipping market began in 2022 when it ordered two 1,900 TEU newbuilds. These initial ships were constructed by Imabari and were originally commissioned by the Japanese owner Shoei Kisen.
The recent deal with Huangpu Wenchong marks a pivotal moment for Latsco as it seeks to strengthen its position in the competitive container shipping industry. The decision to invest in newbuilds reflects the company’s commitment to expanding its operational capabilities and adapting to market demands. With the anticipated delivery of these vessels in 2027, Latsco is poised to enhance its service offerings and meet the growing needs of global trade.
This expansion into container shipping not only diversifies Latsco’s portfolio but also aligns with the broader trends in the maritime industry, where demand for container transport continues to rise. As the company prepares for this new chapter, industry observers will be watching closely to see how Latsco leverages its new assets in the evolving shipping landscape.
