Thursday, June 16, 2011

Hyundai & Daewoo win NOL orders

Neptune Orient Lines has inked preliminary contracts for 12 newbuilding containerships at South Korean shipyards.

Singapore-listed NOL's recent order includes its largest ever vessels of 14,000-teu. The liner company has also upgraded a previous order at Daewoo for 10 ships.

All 22 units will be delivered in 2013 and 2014 at a total cost of $1.54bn, NOL said in a release.

NOL penned a letter of intent for 10, 14,000-teu vessels at Hyundai Samho Heavy Industries.

Another LOI has been inked for two 9,200-teu ships at Daewoo Shipbuilding & Marine Engineering.

The announcement comes as something of a surprise as market whispers had suggested NOL would move for 10, 13,000-teu ships and two 10,000-teu vessels.

A 2010 order at Daewoo for ten 8,400-teu boxships will now become ten 9,200-teu ships with a more advanced design and technology, NOL said.

Published : June 16, 2011

Source: Asiasis

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