Neptune Orient Lines (NOL)

[yeokiwi]

NOL signs letters of intent to build 12 new ships

Ten 14,000-TEU vessels will be its largest and most efficient

http://info.sgx.com/webcoranncatth.nsf/V...F0031A9A9/$file/Press_Release-NOL_signs_LOI_to_build_12newships_15June2011.pdf?openelement [SGX Announcement]

Plenty of container liners are ordering mega ships from shipyards with deliveries in 2013 - 2015. The over-capacity of the shipping sector impacted the container industry least as compared to the dry bulk and product tanker sector. The latter two ordered a huge number of capesize and VLOCs to be delivered in 2011 - 2013 during the boom years. This has depressed freight rates despite growing demands. I hope shipping liners know what they are doing...

(Not Vested)

If there is no demand, the CEO can pass it to RSN to convert it to landing ships or aircraft carrier.