Yang Ming Seals Charter for 10 Boxship Newbuilds

Yang Ming Marine Transport Corporation has confirmed the charter for ten newbuilding containerships with Costamare and Shoei Kisen.

Under the contract, the two shipowners will order five containerships each ranging between 11,000 and 12,000 TEU.

The newbuilds are slated to start delivery in 2020 with the last ship from the batch scheduled to be completed in 2021.

Once delivered, they will be employed on a long-term time charter by Yang Ming.

The Taiwanese shipping company received a green light from its board to move forward with the fleet renewal in February this year.

Under the plan, Yang Ming will order the construction of ten 2,800 TEU containerships and charter ten 11,000 TEU containerships.

The new ships will replace the vessels which are about to be off-hired or retired in the next 2 to 3 years.

World Maritime News Staff