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Singapore's Neptune Orient Lines (NOL), the world's seventh largest container shipping firm, will order more vessels to address an expected shortage in the global freight market within a few years, its chief executive said.
The remarks come three days after AP Moller-Maersk, the world's biggest container shipping firm, said it placed a US$1.9 billion order with Daewoo Shipbuilding & Marine Engineering to build 10 of the world's largest container ships for delivery between 2013 and 2015, reported Reuters.
Chief Executive Ronald Widdows, however, did not say how many more ships he would order above the 10 vessels announced last year for delivery in 2013-2014.
Cargonews Asia
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