We provide integrated logistics services to our customers throughout the entire logistics process to deliver their cargo to the destination countries. Our integrated solutions cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery. We have accumulated transportation-related resources covering the entire logistics process to ensure the stability and reliability of our cross-border logistics services.
In 2021, we commenced to provide cross-border seaborne transportation service through our owned or chartered-in container vessels. Our self-operated seaborne transportation network covers North America, Latin America, Europe, Australia, East Asia and Southeast Asia. We have established long-standing relationships with well-known shipping carriers in the industry, which enables us to secure sufficient shipping capacity at favorable market prices. In order to further expand our fleet of vessels, achieve economies of scale and enhance our competitiveness and profitability, we entered into two shipbuilding agreements to order two first-hand ultra large container vessels, each with a capacity of 14,700 TEUs, in June 2022. These two vessels are expected to be delivered around 2025.
In view of the diverse needs of our customers, we have procured containers with different specifications and functions to provide different transportation services. We have also established stable cooperative relationships with a number of overseas supply chain companies to support the warehouse transit and last-mile delivery process. By integrating the warehousing resources and transportation network of our partners, we are able to ensure safe cargo arrival and timely delivery.
We offer time charter services to our customers by hiring out various types of vessels owned by us or chartered in from third parties. We are responsible for providing seaworthy vessels with valid operating licenses and insurance, qualified crew members outsourced by qualified third parties for operating the vessels and the required repair and maintenance, while our customers are responsible for paying charter fees, fuel expenses and port charges and determining their shipping route.
We provide integrated logistics services to our customers throughout the entire logistics process to deliver their cargo to the destination countries. Our integrated solutions cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery. We have accumulated transportation-related resources covering the entire logistics process to ensure the stability and reliability of our cross-border logistics services.
In 2021, we commenced to provide cross-border seaborne transportation service through our owned or chartered-in container vessels. Our self-operated seaborne transportation network covers North America, Latin America, Europe, Australia, East Asia and Southeast Asia. We have established long-standing relationships with well-known shipping carriers in the industry, which enables us to secure sufficient shipping capacity at favorable market prices. In order to further expand our fleet of vessels, achieve economies of scale and enhance our competitiveness and profitability, we entered into two shipbuilding agreements to order two first-hand ultra large container vessels, each with a capacity of 14,700 TEUs, in June 2022. These two vessels are expected to be delivered around 2025.
In view of the diverse needs of our customers, we have procured containers with different specifications and functions to provide different transportation services. We have also established stable cooperative relationships with a number of overseas supply chain companies to support the warehouse transit and last-mile delivery process. By integrating the warehousing resources and transportation network of our partners, we are able to ensure safe cargo arrival and timely delivery.
We offer time charter services to our customers by hiring out various types of vessels owned by us or chartered in from third parties. We are responsible for providing seaworthy vessels with valid operating licenses and insurance, qualified crew members outsourced by qualified third parties for operating the vessels and the required repair and maintenance, while our customers are responsible for paying charter fees, fuel expenses and port charges and determining their shipping route.