Yang Ming has followed its liner peers in ordering more containers to tide over the equipment shortage.
It has ordered 5,400 reefers, costing $35m-$40m, from Guangdong Fuwa Equipment Manufacturing and 7,870 dry containers from Cosco unit Dong Fang International at a price of $50-$55m.
Yang Ming however, said today it had no plans to join the ‘very large containership’ league yet.
Local media reported that following a board meeting on Friday to approve the …

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Source: The Loadstar