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NOL plans to buy giant container ships

6/18/2011 8:43:04 AM


Singapore’s NOL Group has signed letters of intent to build 12 new container vessels at a cost of US$1.54 billion.

Ten of the ships, all to be built in South Korea, are 14,000-TEU vessels that will be constructed by Hyundai Samho Heavy Industries Co, and two are 9,200-TEU vessels from Daewoo Shipbuilding and Marine Engineering Co.

The 14,000 TEU ships would be NOL’s largest and most fuel-efficient and NOL will deploy them on its Asia-Europe trade.

The 9,200-TEU vessels will likely be employed on the transpacific.

NOL also said it is upgrading a 2010 order placed with Daewoo for 10 8,400-TEU ships. These vessels will now be upgraded to 9,200-TEUs of capacity each and will employ new, more efficient design and technology.

The total consideration for the new vessels and upgrades would be about $1.54 billion. The ships are scheduled for delivery in 2013 and 2014.


                                                                                             Cargonews Asia
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