NOL Group adds two 10,700-TEU vessels to new ship order
SINGAPORE, 16 August 2010 – Global shipping and logistics company NOL Group today finalized an order to build two new 10,700-TEU (twenty-foot-equivalent unit) container ships for delivery in 2012. These two vessels are part of a 12-ship order valued at US$1.2 billion to be built by Daewoo Shipbuilding & Marine Engineering Co., as announced on 21 July by NOL.
The two organizations signed a contract to construct the 10,700-TEU vessels in a ceremony this evening in Seoul.
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.
Media Inquiries:
Mike Zampa
Telephone: (65) 6371 5022
Michael_zampa@nol.com.sg
Investor Inquiries:
Bernie Yu
Telephone: (65) 6371 5028
Bernie_Yu@nol.com.sg
About NOL
Neptune Orient Lines (NOL) is a Singapore-based global container shipping, terminals and logistics company. Its container shipping arm, APL, provides world-class container shipping services and intermodal operations supported by leading-edge IT and e-commerce. Its terminals unit has one of the world's leading container terminal networks, with key gateway facilities in Asia and North America. Its logistics business, APL Logistics, provides international, end-to-end logistics services and solutions, employing the latest IT and data connectivity for maximum supply chain visibility and control. NOL Web site: www.nol.com.sg
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