September 26, 2023

Yang Ming Signs Contract with Hyundai Heavy Industries for Five LNG-Powered Vessels to Advance Green Fleet Strategy

Taiwan-based shipping company Yang Ming Marine Transport Corp. has entered into a shipbuilding contract with HD Hyundai Heavy Industries Co. Ltd. for the construction of five 15,500 TEU LNG vessels.

The agreement was finalized by Captain James Jeng, Yang Ming’s Chief Marine Technology Officer, and Jae Ho Kang, Executive Vice President of Hyundai Heavy Industries.

The new LNG vessels are part of Yang Ming’s mid- to long-term fleet plan and will be constructed by Hyundai Heavy Industries, with delivery scheduled for 2026.

In line with the maritime industry’s goal of achieving net-zero carbon emissions by 2050, Yang Ming is actively developing a green and energy-saving fleet. The company has established a dedicated team to monitor energy efficiency and the progress of future marine fuels.

The five 15,500 TEU vessels will be equipped with high-pressure LNG dual-fuel main engines and ballast water treatment systems, ensuring compliance with the latest environmental regulations.

Yang Ming’s current operating fleet comprises 94 LNG vessels, with a total capacity of approximately 715,000 TEU. The addition of these new LNG-powered vessels will allow Yang Ming to optimize its fleet, reduce operating costs, and further enhance carbon emission reduction efforts.

By investing in these advanced vessels, Yang Ming aims to improve its overall competitiveness and provide comprehensive, high-quality services to its customers.

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