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Indiaexportnews.com

NOL Group orders new container ships

  22.07.2010    

NOL Group announced an order for 10 new 8,400-TEU (twenty-foot-equivalent unit) container ships to be delivered in 2013 and 2014.  It has also signed a letter of intent for two 10,700-TEU vessels.  The total consideration is approximately US$1.2 billion.
The ships will be constructed by South Korea-based Daewoo Shipbuilding & Marine Engineering Co.  The two organizations signed a contract for construction of the 8,400-TEU vessels in a formal ceremony. 
NOL said it is investing in new vessels to meet future growth needs and to replace vessels with charter agreements that will expire in the next few years.
 


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