NOL orders ten boxships
Singapore-based shipping and logistics company Neptune Orient Lines (NOL) has ordered ten new 8,400 TEU container ships from Daewoo Shipbuilding & Marine Engineering (DSME) to be delivered in 2013 and 2014.
NOL has also signed a letter of intent with DSME for two 10,700 TEU vessels. The total consideration is approximately $1.2 billion. The company 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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