The vessels are scheduled for delivery in 2013 and 2014
Neptune Orient Lines (NOL) is splurging $1.54bn on 12 new containerships at yards in South Korea.
The Singapore boxline has signed letters of intent Hyundai Samho Heavy Industries for ten 14,000 teu capacity vessels, and with Daewoo Shipbuilding and Marine Engineering for a pair of 9,200 teu ships. The company is also upsizing ten 8,400 teu ships ordered at DSME last year to 9,200 teu.
The vessels are scheduled for delivery in 2013 and 2014 and the 14,000 teu ships will be deployed on the Asia Europe trade.
NOL said it is investing in new, larger vessels to reduce unit capital and operating costs, meet future growth needs and replace older and smaller chartered vessels that will be returned to their owners in the charter market.
Source: Seatrade Asia
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