Yang Ming charters in four more Japanese newbuilds

Taiwan’s carrier Yang Ming Marine Transport Corp has exercised an option to charter four more 11,000-teu newbuild containerships from Japan’s Shoei Kisen Kaisha for a 10-year period.

The price for each ship is between $100m to $125m for the decade long charter period, Taipei-listed Yang Ming announced.

In July 2018, Yang Ming had entered into charter agreements with Shoei Kisen Kaisha for five similar newbuilds.

The new ships are expected to be delivered from the second quarter of 2020 through to the third quarter of 2021.

Meanwhile, Yang Ming also announced that it will introduce a new intra-Asia service together with APL starting 21 February.

newsletter

The new service, Korea-Vietnam-Malaysia service (KVM), will be operated with three 1,800-teu feeder vessels with one by Yang Ming and two by APL.

The 21-day port rotation will be Kwangyang, Busan, Kaohsiung, Ho Chi Minh, Port Klang, Singapore, Haiphong, Kaohsiung, Kwangyang.

“The new service is expected to connect Northeast Asia and Southeast Asia more efficiently and provide customers with more convenient and excellent delivery service,” Yang Ming stated.

Posted 29 January 2019

© Copyright 2019 Seatrade (UBM (UK) Ltd). Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Seatrade.

Lee Hong Liang

Asia Correspondent

Seatrade Offshore Marine Workboats stacked

Seatrade Offshore Marine and Workboats Middle East

Madinat Jumeirah, Dubai • 23 – 24 September 2019

Join nearly 3,000 powerful personalities and alight at the meeting point for the global offshore marine, specialist vessel and workboat industry.

Exhibitor Opportunities >