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Yang Ming charters two new 14,000-TEU ships to get back in the race
TAIWAN carrier Yang Ming will charter the YM Wind from Hong Kong's Seaspan and YM Wreath from GC Intermodal Operating (HK) Limited in an effort to grow its overall fleet while reducing average vessel age, Yang Ming said in a statement.
Yang Ming said it will charter two new ships which were named May 18 at a ceremony at Taiwan's CSBC Kaohsiung Shipyard, said the company.
"With the deployment of these new vessels, Yang Ming gets more strength in the competitive market," said a company statement.
The two ships will be deployed in services operated by THE Alliance, Yang Ming's vessel sharing partnership with Hapag-Lloyd of Germany and Japanese carriers NYK, MOL and "K" Line.
The two ships are the last of five being built for Yang Ming and both will be managed by Seaspan. GCI Group, a maritime asset leasing company, is joint venture between the Carlyle Group, Seaspan, Tiger Group and the Washington Family.
YM Wind, on the FE3 service, will rotate through Hong Kong, Xiamen, Kaohsiung, Shenzhen-Yantian, Rotterdam, Hamburg, Antwerp, London Gateway, Piraeus, Singapore and back to Hong Kong.
YM Wreath, on the MD3 service, will rotate through Busan, Shanghai, Ningbo, Shenzhen-Yantian, Singapore, Jeddah, Ashdod, Piraeus, Istanbul, Aliaga, Mersin, Jeddah, Singapore, Kaohsiung and back to Busan.
The FE3 loop operates with 10 vessels - six from Yang Ming, three from NYK and one from Hapag-Lloyd - with an average capacity of 13,470 TEU, according to BlueWater Reporting.
The MD3 has 10 ships - five from Yang Ming, four from Hapag-Lloyd and one from NYK - with an average capacity of 10,857 TEU.
Yang Ming said it will charter two new ships which were named May 18 at a ceremony at Taiwan's CSBC Kaohsiung Shipyard, said the company.
"With the deployment of these new vessels, Yang Ming gets more strength in the competitive market," said a company statement.
The two ships will be deployed in services operated by THE Alliance, Yang Ming's vessel sharing partnership with Hapag-Lloyd of Germany and Japanese carriers NYK, MOL and "K" Line.
The two ships are the last of five being built for Yang Ming and both will be managed by Seaspan. GCI Group, a maritime asset leasing company, is joint venture between the Carlyle Group, Seaspan, Tiger Group and the Washington Family.
YM Wind, on the FE3 service, will rotate through Hong Kong, Xiamen, Kaohsiung, Shenzhen-Yantian, Rotterdam, Hamburg, Antwerp, London Gateway, Piraeus, Singapore and back to Hong Kong.
YM Wreath, on the MD3 service, will rotate through Busan, Shanghai, Ningbo, Shenzhen-Yantian, Singapore, Jeddah, Ashdod, Piraeus, Istanbul, Aliaga, Mersin, Jeddah, Singapore, Kaohsiung and back to Busan.
The FE3 loop operates with 10 vessels - six from Yang Ming, three from NYK and one from Hapag-Lloyd - with an average capacity of 13,470 TEU, according to BlueWater Reporting.
The MD3 has 10 ships - five from Yang Ming, four from Hapag-Lloyd and one from NYK - with an average capacity of 10,857 TEU.
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