Daewoo secures Singapore boxship order

DSME is scheduled to deliver the 10,700 TEU newbuildings by the end of 2012. These two vessels are part of a 12-ship order valued at $1.2 billion to be built by DSME as announced on 21 July by NOL.

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.