American Shipper

NOL: Make that an even dozen

NOL: Make that an even dozen

   NOL Group today finalized an order to build two 10,700-TEU containerships for delivery in 2012.

   The two ships are part of a 12-ship order valued at $1.2 billion to be built by Daewoo Shipbuilding & Marine Engineering Co.

   When the company first announced the order on July 21, it said it was buying 10 8,400 TEU ships, with an option to purchase the larger ships. It signed the contract for the two 10,700-TEU vessels in a ceremony in Seoul.