by Lloyd's List
22 December 2024 (Lloyd's List) - TAIWANESE carrier Yang Ming Marine Transport has announced plans to start a new phase of fleet renewal, including orders for up to 13 containerships in the 8,000-15,000 teu range.
Yang Ming said the newbuilding program aims to ensure sustainable growth amid rising demand. It will replace aging vessels over 20 years old in the 5,500-6,500 teu category.
The company will evaluate energy saving technologies and cleaner fuels to meet environmental targets. This is part of its strategy to reduce greenhouse gas emissions, boost resilience, and provide eco-friendly transport solutions to clients worldwide.
According to Alphaliner, Yang Ming currently operates a fleet of around 705,000 teu, ranking 10th globally. This includes 97 ships, of which 59 are owned vessels totalling about 324,000 teu.
The state-owned company has ordered the fewest newbuilding in recent years among the world’s top 10 leading carriers, with just 5 ships totalling 77,500 teu currently on its orderbook.
The five LNG dual-fuel 15,000 teu vessels were ordered with South Korea’s HD Hyundai Heavy Industries for delivery starting 2026, each costing $190m.
In comparison, its Taiwanese rivals Evergreen and Wan Hai Lines have 51 and 30 ships on order, respectively.
