Yang Ming to Charter Another 11,000 TEU Newbuild Quartet from Shoei Kisen

yang mingImage Courtesy: Yang Ming

Taiwanese shipping company Yang Ming Marine Transport Corp. has signed charter agreements with Japanese shipowner Shoei Kisen Kaisha, a subsidiary of Imabari Shipbuilding, for four 11,000 TEU containerships.

The signing ceremony was held in Hong Kong on April 10, 2019.

The four boxships have been ordered by Shoei Kisen Kaisha at Imabari yard, according to data provided by Asiasis.

As informed, the vessels are expected to be delivered in the first three quarters of 2022.

Yang Ming’s fleet optimization is part of the company’s strategy aimed at enhancing its mid to long-term operational efficiency and competitiveness.

“In addition to these four new 11,000 TEU containerships, Yang Ming had ordered another ten 11,000 TEU newbuildings through long-term charter agreements with Owners Costamare and Shoei Kisen since 2018, which will enable Yang Ming to have a total of fourteen 11,000 TEU newly-built full containerships during the years 2020 to 2022,” the company said in a statement.

These eco-type new containerships would gradually replace some of Yang Ming’s high-cost, older ships.

Referring to the International Maritime Organization’s (IMO) sulphur cap 2020 which will enter into force on January 1 next year, Yang Ming added:

“Every carrier has prepared accordingly to ensure a smooth transition in operation next year. All the newbuildings Yang Ming has ordered are designed in compliance with the IMO regulation with lower bunker consumption.”

Related:

High Bunker Costs Hurt Yang Ming’s Earnings

Yang Ming Lifts Options for 11,000 TEU Quartet, Eyes Four More Boxships

Yang Ming: Another Two 14,000 TEU Containerships Launched in Japan

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
MTWTFSS
30 31 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 1 2 3

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >