Taiwanese shipping line Yang Ming Marine Transport has moved to add two more containerships to its owned list as it looks to bolster its service and streamline fleet resources.
The world’s 10th and Taiwan’s second largest liner operator is buying a pair of 11,000 teu vessels which it had on a long-term charter, after booking a profit of $435.6m in the second quarter of 50% higher revenues from the same period of last year.
The deal for the neo-panamax duo will add to the previously five 14,000 teu and three 11,000 teu vessels acquired between July 2023 and May 2024.
Yang Ming has 93 ships on the water, 57 of which are owned, and said the move would “strengthen its fleet management by optimising fleet resources, improving service advantages and addressing emission reduction trends”. The company has five 15,500 teu newbuilds delivering in 2026.
Meanwhile, fellow carrier Wan Hai Lines has also lined up massive investments in secondhand and newbuild tonnage, including up to 16 methanol dual-fuel 8,000 teu vessels at compatriot shipbuilder CSBC Corporation.