APL arranges charter deal for five large new boxships from 2009
APL said today it has arranged the charter of five 7,000-TEU newbuild containerships from German owners Berhard Schulte, with delivery from 2009.
The five, to be built by Hyundai Heavy Industries in South Korea, will be deployed in the transpacific trade.
“Growth in the transpacific has consistently exceeded industry expectations,' said Ron Widdows, APL’s chief executive officer. 'The relationship between ship supply and demand in the trade is forecast to narrow between 2007 and 2009. These vessels will enter service at a point that additional capacity will be required.”
As a member of the New World Alliance, with partners MOL and Hyundai Merchant Marine, APL participates in 11 weekly transpacific service loops with a total of 63 ships. These loops average 4,900-TEUs in individual weekly vessel capacity, according to the April World Liner Supply reports of ComPair Data, American Shipper’s affiliated database for global liner services, at http://www.compairdata.com.