News / Yang Ming unveils fleet renewal plan, but is cautious long-term

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Yang Ming’s management today disclosed its fleet renewal plans and discussed contract negotiations.

The Taiwanese carrier released its 2023 results on 8 March, showing net profit plunged to $153m, from $6.06bn in 2022, as the Covid-powered boom ended.

Newbuilding plans were not detailed, although Yang Ming is understood to be considering orders for eight 8,000 teu boxships and six of 1,900 teu, with methanol propulsion favoured.

Geopolitical tensions mean Yang Ming is unlikely to select a Chinese shipbuilder. Coincidentally, compatriot shipbuilder CSBC Corp ...