Norwegian Car Carriers (NOCC), which is supported by JP Morgan, has expanded its new shipbuilding program in China and added two more ships with a capacity of 7,100 car equivalent units (ceu) to this program. These ships will be built at CIMC Raffles facilities in Yantai, China, with delivery scheduled for 2030.
Details of NOCC's Shipbuilding Program
According to information from shipbuilding sources, with the addition of these two new ships, the number of confirmed NOCC ships in collaboration with CIMC Raffles reaches six. However, shipbuilding databases indicate that this program may be larger than what has been announced. In addition to the two new ships with hull numbers 641 and 642, two other ships with hull numbers 651 and 652 have also been allocated to NOCC for delivery in 2030 and 2031, which have not yet been officially announced.
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Performance and Outlook of NOCC
NOCC's fleet list does not yet show any of the latest ships, and only four ships from the previous series are included. The first two ships, NOCC Pacific and NOCC Adriatic, have entered service. The second ship was delivered in January of this year, and the remaining two ships from the initial program, NOCC Kattegat and NOCC Skagerak, will be added to the fleet next year. Last month, Schulte Marine Concept, which oversees ship construction, announced that hull 612 is the fourth ship in the series of four ships and is scheduled for delivery in June 2027.
NOCC operates as a fleet supplier and leases its ships to global and regional car carrier operators. The company's operational fleet currently includes five ships, two of which are new builds from CIMC Raffles. NOCC is under the control of an advisory entity owned by JP Morgan Global Alternatives, which acquired its previous partner, Klaveness Marine, in 2023.
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