COSCO Corporation (Singapore) Limited has secured an order from a European buyer to build three 1,750teu container vessels at the company's COSCO Guangdong shipyard.

The container vessels are scheduled for delivery in the second and third quarter of 2019, respectively.

The parties have agreed to keep the contract prices confidential.

The order comes with an option for further three containerships of the same type.

According to the company, the vessels will feature a length of 172 meters, and a width of 28.4 meters.