LC Logistics has sold a 14,000 TEU container ship under construction to Blue Anchor, a subsidiary of Mediterranean Shipping Company (MSC), netting a profit of of RMB 140 million (approximately US$20 million).
On December 30, 2025, LC Logistics Inc. announced that its subsidiary Lehang Boundless entered into a 2025 Contract Transfer Agreement with new shipowner Blue Anchor, shipyard representative China Shipbuilding Trading Co., Ltd. (CSTC) and Jiangnan Shipyard. Blue Anchor will replace Lehang Boundless as the buyer under the 2024 shipbuilding agreement.
Blue Anchor shall pay a total consideration of US$170 million (approximately RMB 1.19 billion), of which US$68.64 million shall be paid to Lehang Boundless. This amount includes US$43.44 million in advance payments for the vessel already made by Lehang Boundless, plus a premium of US$25.2 million.
LC Logistics stated that, taking into account the costs incurred by the Group for the construction of the vessel and the sale proceed received, the company believes the proposed transaction presents an excellent opportunity to realize the value of the vessel ahead of schedule, and is expected to generate net proceeds of approximately US$20.1 million.
According to the announcement, the sold vessel is a 14,000 TEU large container ship under construction, with hull number H2872. This vessel type is a flagship product of Jiangnan Shipyard, representing a new generation of highly efficient, green, energy-saving, and environmentally friendly ultra-large container ship designs independently developed and engineered by the Jiangnan Institute of Technology (JIT).
According to previous reports, in June 2022, BAL Container Line, a subsidiary of LC Logistics, placed an order with Jiangnan Shipyard for two 14,000 TEU container ships, marking the first collaboration between the two parties. In June 2024, the two sides signed another contract for the construction of two additional 14,000 TEU container ships, with each vessel priced at approximately US$150 million.
LC Logistics was established in 2004 as a leading private cross-border maritime logistics service provider in China. It listed on the Hong Kong Stock Exchange on September 25, 2023. Its subsidiary BAL Container Line primarily engages in international container shipping, vessel operations, and container management, serving as the group’s core business segment. Currently, the company focuses on distinctive self-operated deep-sea routes to North America, South America, Europe, and Australia, supplemented by short-sea routes to Japan, South Korea, Taiwan, and Southeast Asia.