Singapore’s NOL Group today signed letters of intent to build 12 new containerships for its APL subsidiary. The ships, all to be built in South Korean shipyards, will include ten 14,000-TEU vessels to be constructed by Hyundai Samho Heavy Industries Co., Ltd; and two 9,200-TEU vessels to be constructed by Daewoo Shipbuilding & Marine Engineering Co.

NOL also said it is upgrading a 2010 order placed with Daewoo for ten 8,400-TEU ships. These vessels will now be upgraded to 9,200-TEU capacity each and will employ a new, more efficient design and technology. The ships are scheduled for delivery in 2013 and 2014.

More at Marine Log