Taiwan's Yang Ming Marine to Add Bigger Vessels to its Fleet
Yang Ming Marine Transport Corporation, Taiwnanese global shipping and logistics services company, will take delivery of 14 large-sized ships over the next two years, as it moves to expand its fleet of shipping vessels.
At the end of March, the company took delivery of the first of 15 vessels it had ordered, each of which has a capacity of 14,000 twenty-foot equivalent units (TEUs).
By the end of 2015, the company said, it will take delivery of another nine 14,000 TEU vessels from Canada's Seaspan Ship Management.
In 2016, Yang Ming Marine will charter five 14,000 TEU vessels from Taiwan-based shipbuilder CSBC Corporation.
Yang Ming Marine, whose fleet has a total capacity of about 470,000 TEUs, is likely to rise in the world rankings with the addition of the 15 new vessels, market analysts said.
Yang Ming Marine, whose fleet has a total capacity of about 470,000 TEUs, is likely to rise in the world rankings with the addition of the 15 new vessels, market analysts said.
The new ships will give the company an additional capacity of 210,000 TEUs, pushing it from 14th place to 10th in the world rankings in terms of capacity, analysts said.
Founded in Taiwan in 1972, Yang Ming now operates more than 90 container vessels with a combined capacity of more than 388,000 TEUs (20-foot-equivalent units).
