Yang Ming: Another Two 14,000 TEU Containerships Launched in Japan
- Business & Finance
Two new 14,000 TEU containerships chartered by Taiwanese shipping company Yang Ming have been splashed in Japan.
The launching ceremony took place at Imabari shipyard on March 6, 2019.
Named YM Warranty and YM Wellspring, the newbuilds are the fourth and the fifth of the five 14,000 TEU ultra large container vessels (ULCVs) Yang Ming chartered from Shoei Kisen Kaisha.
YM Warranty and YM Wellspring — both flying the flag of Panama — currently have a market value of USD 95.6 million and USD 99.1 million, according to data provided by VesselsValue.
They belong to the same type as YM Wellbeing, YM Wonderland and YM Wisdom which were delivered to Yang Ming recently.
The ships are designed with a nominal capacity of 14,220 TEU and equipped with 1,000 reefer plugs. Each of them features a length of 366.44 meters and a beam of 51.2 meters. The vessels can reach a speed of up to 23 knots.
Since 2015, a total of 20 newly-built 14,000 TEU full-container vessels have been added to the Yang Ming fleet. YM Warranty and YM Wellspring are the last two of them and will join Yang Ming’s service in the near future.
In addition to the 14,000 TEU vessels, Yang Ming will also deploy its own ten 2,800 TEU ships and fourteen chartered-in 11,000 TEU ships, which are to be delivered between 2020 and 2022.
As of November 2018, the company operated a fleet of 101 vessels with a capacity of 7.44 million dwt or 643 thousand TEUs.