Yang Ming launches fleet expansion plan after profits soar
Taiwan’s Yang Ming is bullish about long-haul ocean freight rates as it embarks on fleet ...
Photo: Wan Hai Lines
Yang Ming’s chairman Tsai Feng-ming says the Taiwanese carrier is feeling the heat from compatriot peer Wan Hai Lines’ aggressive newbuilding spree.
Yang Ming’s only newbuildings are five 15,500 teu ships commissioned in May 2023, while, Wan Hai, widely tipped to join one of the container shipping alliances next year, has 30 vessels on order, amounting to 308,339 teu.
Speaking at the National Association of Chinese Shipowners’ members’ meeting on Monday, Mr Tsai said: “Wan Hai’s massive ...
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