Global shipping and logistics company NOL Group has announced an order for ten new 8,400 TEU container ships to be built by South Korea-based Daewoo Shipbuilding & Marine Engineering Co, to be delivered in 2013 and 2014.
NOL has also signed a letter of intent for two 10,700 TEU vessels.
The total consideration is approximately US$1.2 billion.
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.
CMA CGM has taken delivery of the 13,830 TEU CMA CGM Amerigo Vespucci, also built by Daewoo Shipbuilding & Marine Engineering.
Sailing under the French flag, the CMA CGM Amerigo Vespucci is the second in a series of eight vessels named after the great explorers, and is the sister ship of the CMA CGM Christophe Colomb.
The new vessel will be operated on the French Asia Line (FAL 5) service that links Asia with North Europe, and will begin its rotation in Ningbo on July 31st, calling at Shanghai, Yantian, Tanjung Pelepas, Port Klang, Le Havre, Hamburg, Rotterdam, Zeebrugge, Port Klang, Singapore and Ningbo.
