Yang Ming leases a container ship to Maersk Line for a year

Container ship of Yang Ming Shipping Line (Photo: YangMing)

Yang Ming Marine Transport, a Taiwan's carrier, has agreed to lease one of its container ships to Maersk Line for a year for nearly $63 million.

Based on an average daily charter fee of about $172,600, this ship could be a Panamax container ship.

Yang Ming said that Maersk Broker negotiated the transaction. No other information about the ship has been revealed.

Yang Ming said in a filing on the Stock Exchange of Taiwan on October 22 that it has met its implementation obligations with THE Alliance and has sufficient capacity for its operations.

Yang Ming said it could benefit from repairing its ship for an operator with greater needs.

Yang Ming's current fleet is 88 vessels and market discussions indicate that Yang Ming is talking to shipyards about new building orders. This year, Yang Ming has started taking delivery of 10 2,800TEU ships that have been ordered with fellow shipbuilder CSBC Corp. Seven of the 14 new-build 11,000TEUs ordered through long-term charter agreements with Costamare and Shoei Kisen Kaisha have already been delivered, and the others will be delivered in 2022.

Yang Ming is expected to replace older ships with newer and more fuel-efficient ones, and repair ships with heavier fuel consumption.

See more:

• Yang Ming offers online quotes and reservations tools
• Yang Ming enhances intra-Asia services with the launching new ships

Source: Phaata.com (According to ContainerNews)

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