Pacific Maritime Magazine - Marine Business for the Operations Sector

Yang Ming Line Scrapping Older Ships


March 1, 2018

Taiwan's Yang Ming Line is beginning to send many of its older vessels to the breakers as it prepares to rejuvenate its container fleet. Photo courtesy of Aaron Kroeker.

Taiwan's Yang Ming Line is scrapping 20 of its older container ships in the 3,000-TEU to 8,000-TEU range and will replace them with newer vessels following a decision by the state-backed Taiwan International Port Corporation to convert $343 million in debt owed by Yang Ming into investment funds.

Late last year the Taiwanese carrier launched a new China-Vietnam Express service in partnership with regional carriers MCC Transport and TS Lines using four 1,000-TEU ships but indicated it might delay delivery of a new series of 14,000-TEU vessels until next year.


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