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            june 17, 2019

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Yang Ming seals deal for four 11,000 TEUers with Shoei Kisen


Taiwan's Yang Ming has signed a deal to charter four more boxships from Japanese owner Shoei Kisen Kaisha Ltd (Shoei Kisen).
The 11,000 TEU vessels will be delivered in the first three quarters of 2022. The time-charter agreements were signed by Yang Ming's chairman Bronson Hsieh and Shoei Kisen's president Yukito Higaki, according to media reports.
"In order to enhance the company's mid- to long-term operational efficiency and competitiveness, Yang Ming continues its fleet optimisation plan during recent years," Yang Ming said in a statement.
In addition to these four new 11,000 TEU containerships, Yang Ming had ordered another ten 11,000 TEU newbuildings through long-term charter agreements with owners Costamare and Shoei Kisen since 2018, which will enable Yang Ming to have a total of fourteen 11,000 TEU newly-built full containerships during the years 2020 to 2022.
These eco-type newbuildings with modern designs will gradually replace some of Yang Ming's high-cost, older ships. All the newbuildings Yang Ming has ordered are designed in compliance with the IMO regulation with lower bunker consumption.
"With the new ships which will mitigate the pressure of high bunker prices and increased operating costs following the implementation of IMO 2020, Yang Ming will become more cost-competitive and environmentally friendly in the future," the shipping line added.

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