Hong Kong-listed LC Logistics has ordered two 11,000 teu containerships from China in a deal worth about $236m.

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.