Yang Ming lets out ship to Maersk for a year
Τaiwanese liner operator Yang Ming Marine Transport has agreed to charter one of its container ships to Maersk Line for a year at nearly US$63 million.
Based on the average daily rate of around US$172,600, the vessel is likely to be a Panamax boxship.
Yang Ming said that Maersk Broker had negotiated the transaction. No other information about the vessel was released.
The company said in a Taiwan Stock Exchange filing on 22 October that it has already met its deployment obligations with THE Alliance and has sufficient capacity for its own operations.
Yang Ming said it can therefore benefit from fixing out its own ship to an operator with a greater need.
Its current fleet now stands at 88 ships and market talk indicated that Yang Ming is sounding out shipbuilders about newbuilding orders. This year, Yang Ming began taking delivery of ten 2,800TEU ships that were commissioned in compatriot shipbuilder CSBC Corp. Seven of fourteen 11,000TEU newbuildings ordered through long-term charter agreements with Costamare and Shoei Kisen Kaisha I 2018 have already been delivered, and the other vessels will be delivered by 2022.
Yang Ming is expected to replace older vessels with newer and more fuel-efficient ships, while fixing out ships with heavier fuel consumption.
Source: Container News
Related News
17/08
2021
PSA Mumbai has received the inaugural call of Maersk Line’s ME2 service with the arrival of the 10,100TEU vessel, Maersk Gibraltar, on 12 August 2021.
10/08
2021
OOCL has launched a rail-sea service from China to the US east coast, which it claims is a first.
28/09
2023
With the exception of trades to Europe and the Mediterranean, container freight rates out of India have seen no noticeable recovery signs for carriers, according to the latest market analysis by Container News.