ContainersGreater China

Yang Ming eyes orders for 20 boxships

Taiwanese owner Yang Ming Marine Transport is considering a plan to order 20 containerships made up of mega boxships and feeder boxships, Taiwanese media China Times has reported.

The company plans to take advantages of low newbuild prices to order a series of vessels to replace 20 chartered vessels in its fleet. The contracts for the 20 chartered vessels are all expiring in the next three years, while the new vessels are also expected to support the company’s international expansion plans.

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

Earlier this month, Yang Ming approved a plan where it will jointly invest with Taiwan International Ports Corporation to develop shipping and logistics projects in Indonesia, in a response to the government’s New Southbound Policy. It will also establish regional operation centres in the Mediterranean region and the Black Sea region.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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