MARCH 11, 2015 — Singapore headquartered breakbulk, project cargo and heavy lift shipping operator AAL plans to increase the size of its fleet to over 500,000 dwt in 2015. AAL, which is owned by Limassol, Cyprus, headquartered Schoeller Holdings, currently has a fleet consisting of 14 owned multipurpose vessels— ten 31,000 dwt A-Class and four 19,000 dwt S-Class vessels — each with a combined heavy lift capability of 700 tons. It also employs third party tonnage on long term charter, as well as further vessels on single voyage charter.
The fleet services AAL's two divisions: Liner Services and Tramp & Projects. Its customers are in industries such as oil and gas, mining, construction and renewables, where time-sensitive, high value projects demand reliable, flexible and cost-effective planning and transportation.
AAL says it has doubled its revenues in the past two years and grown from an Austral-Asian carrier to a truly global operator —reflected in its recent rebranding from "Austral Asia Line" to "AAL."
"Despite the challenges we all face in today's shipping industry, AAL has continued to realize strong growth and performance," says Kyriacos Panayides, Managing Director, AAL. "This growth has been largely achieved by managing our operational costs, maximising efficiencies within our fleet and expanding into new markets. Most importantly, we have built successful, partnership-based relationships with our customers, who value our reliability and commitment to HSE and service. They trust us to create solutions that deliver. These long-term relationships have created the foundation upon which we are expanding our global operations and the increased customer demand that allows us to enrich our fleet and service portfolio."