NOL signs for twelve new ships, and upgrades order for ten
NOL Group has signed letters of intent to build twelve new container vessels, and has upgraded an existing order.
The twelve newbuilds comprise ten 14,000 TEU vessels to be constructed by Hyundai Samho Heavy Industries, and two 9,200 TEU vessels by Daewoo Shipbuilding & Marine Engineering Co. NOL is also upgrading an order placed with Daewoo in 2010 for ten 8,400 TEU ships. This will now be upgraded to ten 9,200 TEU vessels, and will employ new, more efficient design and technology. The total consideration for the new vessels and upgrades is approximately US$1.54 billion. The ships are scheduled for delivery in 2013 and 2014. The 14,000 TEU ships will be NOL’s largest and most fuel efficient, and will be deployed in the Asia-Europe trade. The 9,200-TEU vessels will likely be employed in the transpacific trade. The new vessels will enable NOL’s shipping line, APL, to provide more efficient and reliable service to customers. The ships will include features designed to conserve fuel and reduce environmental impacts. NOL said the letters of intent are subject to contract signing with the shipbuilders.
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