News / Yang Ming denies media tale of boardroom strife over LNG fuel

Yang Ming has been forced to deny local media reports that its choice of LNG fuel for new vessels had caused dissention among its directors.

On Friday, the Taiwanese carrier’s board approved the latest spending of $850m to $975m to build five 15,000 teu LNG-fuelled containerships, with Hyundai Heavy Industries and Yangzijiang Shipbuilding favoured to win the order.

Yesterday, citing market sources, local media claimed Yang Ming chairman Cheng Cheng-mount had faced opposition from non-executive directors Wang Chi-chun and Chen Chieh-fu, resulting ...