Taiwanese carrier Yang Ming Marine on 9 September ordered five 14,000 teu box ships at Imabari Shipbuilding.
The vessels, priced at USD125 million each, are scheduled for delivery in 2018 and 2019, and will be chartered to Shoei Kisen Kaisha.
Yang Ming’s 14,000 teu box ship fleet will grow to 20 vessels when the newbuildings are delivered.
Yang Ming in July ordered five 14,000 teu container ships, with options for another five, at Imabari Shipbuilding, and they will also be chartered by Shoei Kisen Kaisha upon delivery in 2018.
The carrier’s revenue in August was TWD11.2 billion (USD346 million), up 9.08% on a year ago, but its revenue for the first eight months this year declined 0.24% year on year to TWD87 billion.
Yang Ming chairman Frank Lu noted that the container ships sector will perform better in the fourth quarter of 2015, as the global economy is recovering.