The vessels will be built by Shanghai Waigaoqiao Shipbuilding in
partnership with the trading arm China Shipbuilding Trading Company. The newbuilds are scheduled for delivery
by November 30, 2028 and April 30, 2029, respectively.
Founded in 2004, LC Logistics is the parent company of BAL Container Line
and operates as an integrated cross-border seaborne logistics provider in
China. The group runs a self-owned fleet and has historically supplemented its
capacity with time-chartered tonnage, depending on market conditions. Management said the newbuilds will
strengthen its operational scale and help reduce cost of sales per teu. The
company added in a stock exchange filing that it believes the larger vessels
will improve competitiveness on its deep-sea trades while offering flexibility
in volatile markets.