Monaco Owner Transocean Breaks Into Boxships With Newbuilds in China
2025-10-30 11:32
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Wedoany.com Report-Oct. 30, Monaco-based Transocean Maritime Agencies has been identified as the buyer behind recent containership orders in China, marking the company’s first move into the container sector and a step in expanding its fleet. Industry sources and shipbuilding databases indicate that Transocean has contracted two 1,930 TEU vessels at Guangzhou Huangpu Wenchong Shipbuilding. The ships, likely of the yard’s in-house “Wenchong Swan 1900” design, are scheduled for delivery in 2028 and are already listed as under construction, with the names Ajax C and Apollo C.

Transocean, led by Ruth McLoughlin, has traditionally focused on dry bulk and tanker operations. Founded in the 1960s by the late Guenther Neunhoeffer, the company currently operates around 15 vessels, averaging seven years in age. Its last engagement in newbuildings was in 2024, when it signed contracts for two ultramax bulkers at New Dayang Shipbuilding.

The company’s entry into the container segment aligns with a broader industry trend, where established bulk and tanker operators are expanding into smaller feeder container ships ranging from 1,700 to 3,000 TEU. Competitors pursuing this approach include Latsis, Oceanbulk, and Minerva Marine, drawn by stable charter returns and strong regional demand.

Market sources also suggest that Transocean may have placed an additional order for two 3,100 TEU ships at New Dayang Shipbuilding, with deliveries expected in 2028. Each ship is estimated to cost approximately $45 million, although no official confirmation has been provided. Transocean has not yet commented on the newbuilding programme or details regarding employment for the vessels.

This strategic move into containerships allows Transocean to diversify its operations beyond dry bulk and tankers while taking advantage of feeder container demand, particularly in regional trade lanes. By incorporating smaller container vessels, the company aims to balance its fleet portfolio and position itself for long-term growth in a stable segment of maritime transport.

The construction of the Ajax C and Apollo C at Guangzhou Huangpu Wenchong Shipbuilding also reflects China’s continuing role as a key hub for shipbuilding, offering advanced design options and reliable delivery schedules for international operators. With delivery set for 2028, Transocean is expected to gradually integrate these new vessels into its operations while exploring potential opportunities in the feeder container market.

Overall, Transocean’s expansion into the box segment represents a significant milestone for the company, highlighting a trend among traditional shipping operators to diversify into container shipping, capitalize on regional demand, and optimize fleet utilization. The addition of these vessels is expected to strengthen the company’s presence in global maritime transport and open new avenues for charter and operational flexibility.

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