Yang Ming will introduce four 14,000 TEU chartered vessels to optimize its fleet in the improving market while returning seven higher-cost chartered vessels in 2019, the company announced.
The first of five 14,000 TEU boxships the Taiwan’s shipping firm chartered from Shoei Kisen Kaisha was named at Imabari Shipbuilding in September 2018. The 14,000 TEU YM Wellbeing is the 16th 14,000 TEU vessel to join Yang Ming’s global container fleet. The vessel was deployed in THE Alliance’s MD2 service in October.
The shipping company said that its 3rd quarter consolidated revenues came at USD 1.29 billion, a growth of 15.23% compared to the previous quarter. Q3 volumes increased by 9.19% to 1.41 million TEUs compared with the 2nd quarter.
Yang Ming’s net loss after tax for Q3 was USD 30 million, a reduction of 76.16% compared to last quarter, and USD 220 million for the nine-month period.
The year-to-date consolidated revenues increased by 4.12%, year-over-year, to USD 3.45 billion, and volume increased by 11.35%, year-over-year, to 3.92 million TEUs.