Guangzhou Wenchong Shipyard of China turned out to have received newbuilding payment from Greek owner ALLSEAS on January 19 that a newbuilding contract has officially taken effect to build 1,700 teu containership signed on June 14. 

Alongside, both companies successfully agreed to sign a contract for an option to build two firm plus two options in the same size.   

Meanwhile, the two 1,700 teu boxships are said to be the first units signed in two years after May, 2011 and this newbuilding contract is expected to greatly contribute to the company’s performance in 2013.