Larger vessels in the pipeline for Orient Overseas

 21 Mar 2011 05.04pm

  • Orient Overseas working to add larger vessels to fleet

  • Shipping line considering orders for 13,000 box capacity ships

Lloyds List are reporting that Hong Kongs largest shipping line Orient Overseas are still working on adding larger ships to its fleet, with the company getting closer to a deal.

The Hong Kong shipping giant is in the process of obtaining vessels that can carry up to 13,000 boxes, as shipping lines continue to try and keep pace with growing demand from Asia to the West. A.P. Moeller Maersk A/S, the world’s largest container line, last month ordered as many as 30 ships that can carry 18,000 containers.

“There is no announcement on any new vessels being ordered,” Chief Financial Officer Ken Cambie told Bloomberg today. Although Lloyd’s List, citing an unidentified person familiar with the situation, said the Hong Kong-based company would sign a deal for as many as 10 ships, each with a capacity to carry 13,000 containers, as early as next week.

Lloyd’s List said yesterday that Orient Overseas would place six firm orders with Samsung Heavy Industries Co. and take four options.