">
October 12, 2022 Marketing

FLEET EXPANSION DELIVERS 90% CONTROL OF AAL FLEET

First photo: 25,800 dwt ‘G-Class’ vessel.
Second photo: 33,000 dwt ‘W-Class’ vessel.

AAL Shipping (AAL) has added further vessels to its owned multipurpose cargo vessel (MPV) fleet. This month saw the delivery of the 2010 ‘AAL Gunsan’ (ex-BBC America) and her sister vessel, the 2009 ‘AAL Geelong’ (ex-BBC Valparaiso) – the latter taken over a few months ago. These are the last of four 25,800 deadweight (DWT) multipurpose heavy lift sister vessels (classified by AAL as G-class) secured through an acquisition transaction penned back in 2021 by AAL / Schoeller Holdings Group.

During the Summer, the AAL / Schoeller Holdings Group further acquired the ‘AAL Moon’ – a 33,000 DWT multipurpose vessel built in 2010 (classified by AAL as W-Class) and having previously served within the AAL fleet under commercial management since 2017.

Kyriacos Panayides, CEO of AAL, explained, ‘These acquisitions are perfectly in line with our continued fleet strategy to employ large MPVs which, through their significant cargo intake volumes, offer our shippers greater economies of scale on every sailing. Indeed, AAL is one of the leading ‘large tonnage’ MPV operators in the market.’

He added, ‘They also expand our multipurpose operating fleet to 864,800dwt, of which 90% is now fully controlled by AAL / Schoeller Holdings Group. This authority that AAL has over its operating fleet is important to the long-term sustainable expansion and deployment of our vessels; the strengthening of our global service model; and the frequency and flexibility demanded by our diverse global customer base. The vessels are being positioned across the world, in service of our monthly liner, regular trade lane and tramp chartering operations.’

Despite a challenging 18 months of global market upheaval due to COVID, the container boom and geo-political unrest, AAL has remained steadfast in support of its traditional breakbulk and multipurpose cargo customers – adding tonnage to, and improving frequency on, its core global trade lanes between the Americas, Africa, Europe, Middle East, India, Asia, and Oceania. In 2022, AAL has been recognized for its service by the multipurpose shipping community through two prestigious global carrier awards – ‘Ship Operator of the Year 2022’ at the Heavy Lift Awards and ‘Best Shipping Line – Project Cargo’ at the AFLAS Awards.