Yang Ming Line’s fleet renewal has been kickstarted with the order of ten new containerships, set to be chartered by the company upon delivery.
Namely, Costamare and Shoei Kisen have reportedly ordered five 11,000 TEU firm containerships each at Jiangsu New Yangzijiang Shipbuilding and Shoei’s sister company Imabari Shipbuilding, respectively, Clarksons Platou Shipbroking said.
The two companies have options to order two optional units each.
The ships, which are scheduled to start delivery in the second half of 2020, will be employed on a long-term time charter by Yang Ming.
The Taiwanese shipping company received a green light from its board to move forward with the fleet renewal in February this year .
Under the plan, Yang Ming will order the construction of ten 2,800 TEU containerships and charter ten 11,000 TEU containerships.
The new ships will replace the vessels which are about to be off-hired or retired in the next 2 to 3 years.
World Maritime News Staff