Yang Ming signs newbuilding contract for 10 boxships at CSBC

Yang Ming signs newbuilding contract for 10 boxships at CSBC

Taiwanese shipping line Yang Ming Marine Transport has officially signed shipbuilding contracts with compatriot shipyard CBSC yesterday for the construction of ten 2,800 teu containerships as part of its fleet optimisation plan.

The vessels, which will be deployed for intra-Asia services, are scheduled for deliveries between the second quarter and 2020 and the second quarter of 2021. The financial details were not disclosed.

Last month, Yang Ming entered into time charter contracts with Greek owner Costamare and Japanese owner Shoei Kisen Kaisha for a total of 10 mega containership newbuildings.

“The company will continue to strengthen its business strategies and optimise fleet to deliver better service networks. With an improving supply/demand scenario and a recovering shipping market in 2019, Yang Ming anticipates better operating performance and results in the near term,” Yang Ming said in its financial report last week.

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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