AAL adds two G-class vessels to its fleet

AAL Shipping is taking delivery of two additional G-class multipurpose vessels, expanding its core fleet to 720,200 total deadweight (dwt). The Pacific Action and AAL Gladstone have both served in the AAL fleet before and will rejoin later this month.

Both vessels have a cargo intake of 35,705 cubic meters, four cargo holds, three tween decks and a maximum lift capacity of 240 tonnes. Ideal for trading all manner of project cargo, breakbulk, steel and dry bulk commodities, states AAL. The Pacific Action has been renamed AAL Gibraltar this week.

The vessels join their two sister vessels, the AAL Genoa and Pacific Alert, which soon will be renamed AAL Galveston, and will operate worldwide both in the company’s liner services as well as the tramp chartering solutions.

AAL’s managing director Kyriacos Panayides says the vessels will add much-needed capacity. “Since February 2020, we have built a scheduled a monthly liner service between Europe, Middle East and Asia, a monthly tramp service between Asia and the Americas and frequent sailings from Asia to Europe – all this in addition to our Asia-Australia liner services and global tramp chartering operations. It has been an extremely busy and sustained period of growth for AAL and these new ladies will help to drive that momentum forward”, he says.

Growing confidence

AAL’s management is optimistic about the future. “Global trading is only now emerging from the negative impact of Covid-19 and important project cargo sectors like oil and gas are still pressured. However, there is growing optimism and the recent surges in the container and commodity markets have demonstrated the importance of being flexible”, says Marc Willim, general manager of AAL’s Chartering Team.

“Market economies begin to strengthen and rebuild in confidence across Europe, Middle East, Asia and the Americas and trade war machinations of 2020 resolve. Energy, steel, infrastructure, bulk and general cargoes are all trading worldwide”, he adds. AAL aims to profit from the renewed confidence by offering competitive economies of scale by parcelling all these different cargoes on one vessel.

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Author: Adnan Bajic

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