News / Yang Ming launches fleet expansion plan after profits soar

YM Mobility. Photo: VesselFinder

Taiwan’s Yang Ming is bullish about long-haul ocean freight rates as it embarks on fleet expansion, said chief commercial officer Kevin Lee today.

On Friday, Yang Ming announced the purchase of three 8,000 teu boxship newbuilding resales from Shoei Kisen Kaisha, the ship-owning affiliate of Japan’s Imabari Shipbuilding. They will be delivered between 2028 and 2029, marking Yang Ming’s first step in a plan to acquire 13 new ships, ranging from 8,000 to 15,000 teu.

Yang ...