Yang Ming optimizing container fleet with four chartered 11.000 TEU box ships

Yang Ming will charter four new container ships. The Taiwan-based shipping company signed the charter agreements with Shoei Kisen Kaisha Ltd. on April 10th, 2019 in Hong Kong. The new box ships have 11,000 TEUs capacity and will be delivered in the first three quarters of year 2022.

“In order to enhance the company’s mid- to long-term operational efficiency and competitiveness, Yang Ming continues its fleet optimization plan during recent years,” the company says in its press release. In addition to these four new 11,000 TEU containerships,

Yang Ming increasing capacity with fourteen 11.000 TEU ships since 2018

Yang Ming had ordered another ten 11,000 TEU new buildings 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.

These new environment-friendlier assets with modern design will gradually replace some of Yang Ming’s high-cost, older ships. Yang Ming proceeds with the process of meeting the new IMO regulations of limiting sulphur content of bunker fuel. All the new buildings Yang Ming has ordered are designed in compliance with the new demands.

“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,” Yang Ming says.