Yang Ming welcomes latest 11,000 TEU container ship

Famous container ship Yang Ming on the river Elbe in Hamburg, Germany

Yang Ming Marine Transport Corp. (Yang Ming) has welcomed the newly built YM Tranquillity to its fleet of container ships.

The boxship was charted from Shoei Kisen Kaisha, Ltd., built by Imabari Shipbuilding Co., and named at a ceremony held at Imabari Marugame Shipyard on 14 June.

The carrier recently ordered 14 new vessels through long-term charter agreements with ship owners. The YM Tranquillity is the 11th in the series and is expected to be delivered by 22 June.

With a length of 333.9 metres, a width of 48.4 metres, and a draft of 16 metres, the container vessels are designed to cruise at a speed of up to 23 knots.

They have also been equipped scrubbers, Water Ballast Treatment Plants, and Alternative Marine Power systems to accommodate recently implemented environmental regulations.

The ship’s twin island design can increase loading capacity and navigational visibility to ensure the safe and efficient movement of cargo.

A total of 10 new builds have already been delivered and are working to rejuvenate Yang Ming’s global fleet and improve its energy efficiency.

The YM Tranquillity will be deployed on the carrier’s Trans-Pacific PN3 service after delivery.

According to Yang Ming, the deployment will not only help the company in meeting customer needs, but also maximise capacity ahead of the coming peak season.

Last month, the company reported strong financial results for the first quarter of 2022, positing revenues of NTD 106.7 billion ($3.5 billion).

The sum accounts for an increase 71.32 per cent compared with NTD 62.28 billion ($2.1 billion) from the same period of previous year.

The company’s net profit totalled NTD 60.58 billion ($2 billion) after tax.

As released, the record results were driven by higher level of freight ratespersistent COVID-related port congestion and pre-Chinese New Year cargo rush.

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