Yang Ming’s management today disclosed its fleet renewal plans and discussed contract negotiations.
The Taiwanese carrier released its 2023 results on 8 March, showing net profit plunged to $153m, from $6.06bn in 2022, as the Covid-powered boom ended.
Balancing fleet propulsion
Yang Ming’s directors said six of the liner’s ships would be fitted with scrubbers this year to continue balancing its fleet propulsion between low-sulphur fuel oil and high-sulphur fuel oil.
The current fleet stands at 94 ships, for 707,000 teu, and the carrier has five 15,500 teu ships on order from HD Hyundai Heavy Industries for delivery in 2026.
Negotiations still in process
A company representative said: “In terms of long-term shipping contracts for the transpacific and Asia-Europe, negotiations with shippers are still in progress, and we can’t disclose details of individual contracts. Current freight levels are in favour of the shipping lines, but we have to consider long-term trends, and these remain under negotiation.”
The representative added that with the Panama Canal Authority allowing more transits, Yang Ming had resumed canal transits for two services.
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Source : Loadstar
