Yang Ming Forms Overseas JV with Compatriots

Yang MingIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Taiwanese shipping company Yang Ming has signed a Memorandum of Understanding (MoU) with compatriot shipping and port industry companies to establish an overseas joint venture company.

The consortium includes Taiwan International Ports Corporation, Tungya Transportation & Terminal, Taiwan Navigation, T.S. Lines and Chunghwa Post, Yang Ming said in a regulatory filing. Further details on the business were not disclosed.

The announcement comes as Yang Ming launches its fleet renewal plan which will see 20 ships added to the company’s fleet, replacing the vessels which are about to be off-hired or retired in the next 2 to 3 years.

The first ten 11,000 TEU boxships from the batch have already been ordered by Costamare and Shoei Kisen at Jiangsu New Yangzijiang Shipbuilding and Shoei’s sister company Imabari Shipbuilding, respectively, Clarksons Platou Shipbroking said.

These ships will be chartered by Yang Ming once they start their deliveries in 2020. Furthermore, Yang Ming plans to order the construction of ten 2,800 TEU containerships.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >