Ocean Carriers

Yang Ming Charters Ten New Vessels

Yang Ming Charters Ten New Vessels
Logistics Manager

Taiwan-based shipping company Yang Ming Marine Transport Corp. (Yang Ming), recently announced they have entered into charter agreements with the Japanese shipbuilder, Shoei Kisen Kaisha and Greece-based Costamare who are one the world’s leading owners and providers of containerships for charter.

The new agreement is for five 11,000 TEU containerships from Shoei Kisen Kaisha and another five 12,000 TEU containerships from Costamare.

The agreements were signed by the President of Yang Ming, Vincent Lin, Yukito Higaki President of Shoei Kisen Kaisha and the CEO of Costamare Konstantinos Konstantakopoulos.

Each of the ten chartered container ships are new builds and are expected to be completed and delivered during the second quarter of 2020 through to the third quarter of the following year.

The aim of chartering newbuilds is to improve efficiency for daily service operations along with aiding in the long-term development and modernization of the fleet. The vessels have also been designed with the new upcoming IMO rule in mind. New rulings will come into force regarding environmental protection in 2020.

The new designs are compliant with the regulations that now call for efficient bunker consumption. The vessels when complete will use fuel oil containing limited sulfur, emit less carbon and will be replete with a more effective treatment system for ballast water.

The twin-island concept has been designed into the new ships, therefore they will benefit similar to the ultra-large container ships deployed in the Far East to North Europe services which are able to hold a substantially increased amount of containers by improving navigational visibility as well as the permissible height of container stacks on deck, and the cargo loading capacity.

The Taiwanese shipping company boasts an impressive fleet, with 106 containerships currently in operation with a capacity of over 600,000 TEU. With this new agreement in place, Yang Ming will enhance their competitiveness and fleet efficiency resulting in a higher quality service to the customers.

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