News / Yang Ming finally places order for five 15,000 teu newbuildings

Cheng Cheng-mount. Photo: Elaine Chiang

Yang Ming is to finally make a long-awaited order for neo-panamax newbuildings, more than a year after its peers began fleet expansion amid rocketing freight rates.

On 14 January, the Taiwanese liner operator’s directors approved orders for five 15,000 teu ships, along with 20,000 new 40ft containers, to fulfil the company’s Asia-Europe and transpacific services, as well as for fleet renewal in the long term.

Yang Ming has been conservative in its fleet expansion approach, in contrast to compatriot rivals Evergreen, Wan ...