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RPT-Singapore’s NOL places $1.2 bln ship orders from Daewoo

SINGAPORE, July 21 – Neptune Orient Lines <NEPS.SI>, the world’s fourth-largest container shipping firm, has placed an order with Daewoo Shipbuilding & Marine Engineering <042660.KS> for new container ships worth $1.2 billion.
It ordered 10 vessels of 8,400 twenty-foot equivalent unit capacity [...]

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Asian stock markets advanced Thursday after Spain’s deficit reduction plan eased worries about Europe’s debt mountain and good economic news sent U.S. stocks sharply higher.
Japan’s benchmark Nikkei 225 stock average rose 1.6 percent to 10,556.78. Solid corporate earnings results also boosted sentiment in Tokyo.
South Korea’s Kospi gained 1.4 percent to 1,686.28 [...]