The breakbulk, project cargo and heavy lift specialist said it needs extra capacity after doubling revenue in the last two years.
It has 14 owned multipurpose vessels: ten 31,000 dwt A-Class and four 19,000 dwt S-Class vessels.
Each has a combined heavy lift capability of 700 tons.
AAL also charters in ships long-term.
“Despite the challenges we all face in today’s shipping industry, AAL has continued to realise strong growth and performance,” said its managing director Kyriacos Panayides.
“This