Cosco Shipyard has announced that its subsidiary yard Cosco Guangdong has secured a contract from an unnamed European buyer to build three 1,750teu container ships.

The vessels are scheduled for delivery in the fourth quarter of 2018 and the first two quarters of 2020.

Brokers said that the three ships are the latest options Lomar Shipping has exercised at the yard.

In August 2016, UK shipowner Lomar ordered three similar ships at Cosco Guangdong plus options to order three more.