TAIWAN-BASED Yang Ming is to expand its fleet with three 11,500 TEU ships being built by Japan's largest shipyard.
Brokers report that Shoei Kisen has tapped sister company Imabari Shipbuilding, Japan's largest shipyard, to construct three containerships for 2022 delivery. The vessels will go on charter to Yang Ming, reports Singapore's Splash 247.
Yang Ming has a long history of tapping Japanese yards and tonnage providers for its fleet mix. The orders will take Yang Ming, the world's ninth largest liner company, past the 600,000 TEU mark.
Orders for boxships above 10,000 TEU have all but disappeared this year as the liner industry fights to keep a lid on overcapacity concerns.