News / Yang Ming ends charter and buys three box ships at a discount

YM Wellspring Source: Paul Chang

Yang Ming has terminated charters for three 14,000 teu ships, opting to buy them halfway into the eight-year agreement.

The Loadstar has learned that in late July, the Taiwanese liner operator completed the purchases of YM Warranty, YM Wellspring and YM Wellbeing, built by Imabari Shipbuilding in Japan between 2018 and 2019 and chartered by Imabari affiliate Shoei Kisen Kaisha.

YM Warranty and YM Wellspring are deployed on transpacific lanes, while YM Wellbeing plys the Asia-Persian Gulf route.

Yang Ming confirmed, in a ...