YANG Ming announced it would charter 10 containerships, all newbuilds to be delivered from the second quarter of 2020 through the third quarter of the following year.
Yang Ming signed the charter agreements with Shoei Kisen Kaisha for five 11,000-TEU containerships and with Costamare for a further five 12,000-TEU containerships.
A statement from Yang Ming said the ships would help modernise and develop its fleet and also improve its daily service operations.
The new ships are to be in line with the IMO sulphur cap, due to come into force in 2020. The 10 vessels are designed in compliance with the emissions standards and are to emit less carbon and be able to use fuel oil with limited sulphur.
The vessels are also to be equipped with a more efficient ballast water treatment system.
The size of the ships will enable them to pass through the new Panama Canal and, according to Yang Ming, they will have no restrictions from main ports world-wide.
Yang Ming is currently the ninth-largest container liner by TEU capacity, with 631,614 TEU, or 2.8% of total global capacity, according to Alphaliner.