Yang Ming Newbuild Fleet Continues to Grow
Major ocean carrier Yang Ming has completed charter agreements with Shoei Kisen Kaisha Ltd. for four 11,000 TEU container ships.
Following the signing of the agreements on April 10, 2019, by Yang Ming’s Chairman Bronson Hsieh and Shoei Kisen’s President Yukito Higaki, the four new vessels will be built and delivered before the end of 2022.
The new charters are part of a continuing effort by Yang Ming to optimize its existing fleet and enhance mid- to long-term operational efficiency and competitiveness.
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Yang Ming has also ordered another ten 11,000 TEU newbuilds through long-term charter agreements with Owners Costamare and Shoei Kisen, giving the shipping company a total of 14 new vessels.
According to a statement, the eco-friendly ships with modern designs will gradually replace older and more costly vessels.
In addition to this, all of the newbuilds will be designed in compliance with the upcoming IMO 2020 sulphur regulations, ensuring lower bunker consumption and fuels with no more than 0.5% sulphur content.
A further comment on this environmental issue read: “With the new ships which will mitigate the pressure of high bunker prices and increased operating costs following the implementation of IMO 2020, Yang Ming will become more cost-competitive and environmentally friendly in the future.”
As well as a fleet of 11,000 TEU vessels, Yang Ming has chartered a total of 20 ultra-large container vessels (UCLVs) that will be delivered in stages between 2020 and 2022.