Straits Orient Lines adds feeder boxship pair

Straits Orient Lines (SOL), part of Transworld Group Singapore headed by Mahesh Sivaswamy, is expanding its fleet with the acquisition of two feeder boxships from Blackstone-owned Obligo.

The Singapore-based company has snapped up the 1997-built 653 teu pair, Heung A Jakarta and Heung A Manila, for $5.5m each.

The transaction marks SOL’s fourth acquisition this year after having bought the 1,702 teu Sol Promise from the Dutch shipowner Vroon and the 1,155 teu Asiatic Dawn from fellow Singapore-based operator Asiatic Lloyd.

The company has grown its fleet to 14 owned ships in total with an operating capacity of 19,622 teu.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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