Yang Ming splashes out on more containers, but no large newbuilds yet

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 …

The post Yang Ming splashes out on more containers, but no large newbuilds yet appeared first on The Loadstar.

Source: The Loadstar

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