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Yang Ming charters 10 new container vessels of 11,000 & 12,000 TEUs


On July 4, 2018, Yang Ming Marine Transport Corp. (Yang Ming) entered into charter agreements with Shoei Kisen Kaisha for five 11,000-TEU containerships and with Costamare for another five 12,000-TEU containerships.


All the ten chartered containerships will be newbuilds, due to be delivered from the second quarter of 2020 through the third quarter of 2021. Chartering newbuilds is aimed at improving daily service operations as well as for long-term development and fleet modernisation.


In addition, with respect to the enforcement of the upcoming IMO rule in 2020 concerning environmental protection, the vessels are designed in compliance with the regulations calling for efficient bunker consumption. The chartered newbuilds will emit less carbon, use fuel oil containing limited sulfur and will be equipped with a more efficient ballast water treatment system. Given the growing public awareness of environmental issues, the new ships will also enable Yang Ming to be more capable to compete in the container shipping industry.


The design of these new ships will be based on the twin-island concept. Therefore, they will have similar advantage of those main ultra large container ships deployed in the current Far East to North Europe services, which could accommodate more containers by increasing navigational visibility as well as the permissible height of container stacks on deck, besides the cargo loading capacity. Moreover, the ships’ length and beam are shorter than 20,000 TEU vessels, making it easier to manoeuvre during berthing or departure. With the new dimensions, the ships are subject to no restriction from main calling ports worldwide and are able to pass through the new Panama Canal, making them highly flexible for deployment in the foremost long-haul and middle-haul service trade lanes.


Yang Ming currently operates a fleet of 106 containerships with a capacity above 600,000 TEU. In order to reduce the higher operating cost and mitigate the environmental impact of these old-type ships, it has an ongoing fleet renewal program to replace older ships on the expiry of their charter agreements and further review the old, high-fuel-consumption, non-eco fleet. With the new containerships, Yang Ming will significantly optimise its fleet efficiency, enhance its competitiveness and continue to provide quality services, said a release.


Source : Exim News Service - Taipei, July 10


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