Yang Ming orders 8,000 teu boxship trio with Imabari
Methanol-ready ships priced between $339m and $360m in total, with delivery scheduled between 2028 and 2029
The deal marks the first order announced since the company received board approval for its fleet renewal project, which includes up to six conventionally fuelled 8,000 teu ships and seven LNG dual-fuel 15,000 teu vessels
TAIWANESE carrier Yang Ming Marine Transport has ordered three 8,000 teu methanol-ready containerships from Japan’s Imabari Shipbuilding via the latter’s shipowning outfit Shoei Kisen.
The newbuildings, which will cost between $339m and $360m, are scheduled for delivery between 2028 and 2029, according to a stock exchange filing by the Taipei-listed firm.
The deal represents the first order announced since the company unveiled its board approval for the fleet renewal project, consisting of up to six conventional-fuel 8,000 teu ships and seven LNG dual-fuel 15,000 teu vessels.
Yang Ming is a long-time customer of Imabari Shipbuilding. Over the past two years, the carrier has opted to buy back 11 10,000-teu class boxships leased from Shoei Kisen, supported by ample cash flow.
With the Red Sea crisis driving up freight rates, Yang Ming’s net profit after tax last year reached T$64.2bn ($2bn), far surpassing 2023’s T$4.8bn. Revenue also jumped nearly 60% year on year to T$222.7bn.
The world’s 10th largest container shipping carrier, Yang Ming operates 98 vessels with a combined capacity of 711,000 teu. The company has the second smallest orderbook among the top 10 carriers globally, at five ships totalling 77,500 teu.
