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NOL’s Largest Ship Christened At Ulsan

NOL Group welcomed the future of global trade at Ulsan (S. Korea) on December 1, 201.1 The Singapore-based shipping and logistics giant christened the 350-meter APL Chongqing and prepared to launch a sister ship – the APL Gwangyang. At 10,000-TEUs (twenty-foot equivalent units) of capacity, the two vessels are the largest in the fleet of NOL’s container shipping line – APL. They are the first of 32 vessels APL will commission by 2014 to gain economies of scale, fuel efficiency and competitiveness in an industry moving rapidly to ships of 10,000-TEUs and larger. “Today marks a milestone,” said Group CEO Ng Yat Chung in ceremonies at shipbuilder Hyundai Heavy Industries’ Ulsan docks. “We’re upsizing and upgrading, and when we’re done we’ll have the strongest fleet in our company’s 165-year history.” http://logisticsweek.com/ocean/2011/12/nol%E2%80%99s-largest-ship-christened-at-ulsan/