Yang Ming Plans to Order 20 Containerships

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(Image Courtesy: Youtube)

Taiwanese owner Yang Ming Marine Transport is contemplating to order 20 containerships, comprising of mega boxships and feeder boxships. The company plans to take advantages of low newbuild prices to order a series of vessels to replace 20 chartered vessels in its fleet.

While the contracts for the existing 20 chartered vessels are expiring in the next three years, the new vessels are also expected to support the company’s international expansion strategy.

Yang Ming said in February that it was going to return a series of chartered ships from 2018 to 2020, as new mega containerships are set to join the fleet.

Yang Ming had earlier approved a plan to invest with Taiwan International Ports Corporation to develop shipping and logistics projects in Indonesia. It will also establish regional operation centres in the Mediterranean and Black Sea regions.

Sea News, November 14