Perris, CA, February 1, 2022 – Lecangs, a subsidiary of Loctek, a leading manufacturer of ergonomic products for the home and office, based in China, announced a first-of-its-kind deal with Huanghai Shipbuilding Co., to build a new 1,800 TEU container ship that will help the company combat global supply chain issues and meet the surge in eCommerce sales. The $32.8 million deal will allow Loctek to have better control over ocean freight costs, as well as the ability to implement its plan to integrate its warehouse and logistics services along with its shipping services, opening up new business avenues for the company.
Lecangs’s new container ship is expected to be delivered by March 31, 2023. Building a container ship will accelerate the shipping and delivery of eCommerce products across the U.S. for Lecangs’s current third-party logistics customers, as well as Loctek’s own products, including FlexiSpot, which has seen exponential demand since the pandemic. In addition, the deal will provide an opportunity for Lecangs to generate new business by allowing U.S. companies, that need third-parties logistics services, to lower shipping costs by utilizing their new container ship and will also provide fulfillment and warehousing opportunities, becoming a one-stop service to meet current logistics supply chain demands. Lecangs’s current customers can save hundreds of thousands of dollars in fees associated with the logistics supply chain.
“Due to the global supply chain crisis and the increase in demand for our products, we have struck a deal that will allow Loctek to become a shipowner with the goal of continuously providing quality services for more customers,” says Conan Lee, Vice President of Loctek and CEO of Lecangs. “This first-of-its-kind deal is an extension of Lecangs’s existing warehouse services and allows us to enhance our competitiveness and accelerate the development of our global business.”
