Asiatic Lloyd signs two 9,000 teu ships at Hyundai Samho

The Singapore-based non-operating ship owner Asiatic Lloyd has placed orders for two ca 9,000 teu ships at South Korea’s Hyundai Samho Heavy Industries. Both of the newbuildings are scheduled for delivery in the second half of 2014. It is presently not known whether the orders were made on the back of already secured long-term charters or whether Asiatic Lloyd ordered the two ships speculatively.

Agustin Alapont Castilla

The 1,155 teu ASIATIC WIND, one of the six sisters managed by Asiatic Lloyd / Credit: Agustin Alapont Castilla

While no vessel specifications have been disclosed, the orders are believed to be for compact wide-beam ships of about 300m in length overall and 48.20m metres (19 rows) in width. Typically, such standard ships would presently cost in the region of USD 80 million per unit.

Launched in 2008 by German interests, Asiatic Lloyd is linked to the Bremen-based shipowners and managers Dauelsberg. The company presently manages a fleet of six Turkish-built 1,155 teu sister vessels. All of these presently trade on intra-Asia services on charter to medium-sized liner operators such as Orient Express Line and Golden Sea Shipping. The recent newbuilding deal therefore marks Asiatic Lloyd’s first foray into the realms of large mainline vessels.

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