Chairman Chas Kelly told local media thenew German-built ship will boost its capacity by 50%.

The 182-metre vessel is costing AUD 100m ($92m) andwill be delivered late in 2016 or early 2017. No yard name was revealed.

Kelly told ABC: "It will havefaster transit times, it'll enable us to have longer time in ports which willalso enhance some of the delivery times to the ship."

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