The Asiatic/Atlantic Lloyd (AL) group has completed a $380m spending spree with a newbuilding order for four ammonia-ready boxships.
Its Singapore-subsidiary Asiatic Lloyd Maritime has inked a newbuilding deal with China’s Dalian Shipbuilding Industry Co (DSIC) for four neo-panamax boxships of 7,100 teu costing up to $280m in total.
The group has followed that up in the secondhand market by acquiring three LR1 tankers and three post-panamax bulkers from European owners in deals estimated to be worth up to $100m.
