News / Straits Orient Lines builds its fleet with two feeders from Heung-A

Source SOL

Straits Orient Lines (SOL) has grown its fleet to 14 ships, after buying a pair of feeder vessels formerly operated by Heung-A Line.

The Singapore-based feeder operator has acquired the 1997-built 653 teu sister vessels Heung-A Jakarta and Heung-A Manila for $5.5m each from Global Skipsholding II, a Norwegian shipping fund owned by US investment group Blackstone.

SOL is just one of many operators buying ships since freight rates began their rocketing rise from Q3 20, having bought four. Excluding the recently ...