Yang Ming and Shoei Kisen Kaisha Ltd (Shoei Kisen) have signed charter agreements for four 11,000-TEU container ships.
During the ceremony in Hong Kong, the time-charter agreements were signed by Yang Ming chairman Bronson Hsieh and Shoei Kisen president Yukito Higaki. The four new vessels will be delivered in 2022.
Yang Ming said that to enhance the company’s mid- to long-term operational efficiency and competitiveness, it “continues its fleet optimisation plan”.
In addition to these four container ships, in 2018 Yang Ming ordered another 10 11,000-TEU newbuildings through long-term charter agreements with owners Costamare and Shoei Kisen, which will give Yang Ming a total of 14 11,000 TEU newbuild container ships between 2020-2022. These eco-type newbuildings with modern designs will gradually replace some of Yang Ming’s high-cost, older ships.
Yang Ming highlighted the 2020 IMO low sulphur cap and that “every carrier has prepared accordingly to ensure a smooth transition in operation next year”. It said that all the newbuildings Yang Ming has ordered are designed in compliance with the IMO regulation with lower bunker consumption.
The carrier commented “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.”