Neptune Orient Lines formed a new wholly owned subsidiary called Triton Shipping in Singapore to arrange financing for two new vessels with capacities of 10,000 20-foot equivalent units that it ordered in July 2007. … NOL’s announcement came after its CEO said last week that APL will charter up to 10 ships this year, each capable of carrying as much as 6,000 TEUs, to meet rising demand. He said the company also plans to return its last 10 idled ships to service by about June.
