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Quality control was a very important consideration in ACL’s choice of a shipyard. HZ’s quality control systems, their professionalism and innovative ideas won over both ACL and its parent company Grimaldi. “We have taken our time to make this decision because we had to get it right,” explained Andrew Abbott, President & CEO of ACL. “We were able to buy at the perfect time and got a first class shipyard to help us to create a new standard to which all future CONROs will be compared. The dramatic increase in efficiency is essential for our long term competitiveness. We will have the equivalent of 6,500 TEU containerships in terms of earning power and economies of scale, but with far lower costs.” ACL is studying its current port rotation and will be making some enhancements. Although its new schedule has not been firmed up, it is expected that one or two traditional ACL port calls may be dropped to make room for a new South Atlantic port. Bill Kearns, ACL’s Executive Vice President, notes that “we have been forced to put many of our loyal customers on allocations for many years because we were never able to grow with the market. It will be satisfying to be able to accept all the cargo that our customers offer us, instead of being constrained by space limitations." “The G4’s demonstrate to our customers and our staff that our parent company, Grimaldi, is prepared to invest for the future to maintain ACL’s unique position as a high quality container and RORO operator on the North Atlantic," says Abbott. "Grimaldi has always been very supportive of ACL and its organization and they provided invaluable technical guidance and legal support during these negotiations. The G4's will give us the right tools to further enhance our track record of profitability for many years to come." About ACL: Since 1967, ACL has been a specialized transatlantic carrier of containers, project and oversized cargo, heavy equipment and vehicles with the world’s largest combination RORO/Containerships. The company’s headquarters are in Westfield, New Jersey with offices throughout Europe and North America. ACL offers five transatlantic sailings each week and also markets the Grimaldi Lines direct RORO/Container service between the US and West Africa. The company also offers service for non-containerizable cargo from North America to the Mediterranean, Middle East, South Africa, Australia and the Far East. ACL is a Grimaldi Group company. Atlantic Container Line, press release |