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Yang Ming Marine Transport recently revealed to the Taiwan Stock Exchange that it is in the process of ordering a series of six 13,000 TEU containerships from Hanwha Ocean, which will feature dual-fuel technology with liquefied natural gas (LNG). The project had already received approval from its board of directors in March.
Alphaliner anticipates that the six vessels will be "standard" tonnage with a compact-NPX type design, 335 meters long by 51 meters wide (20 rows of containers), with an estimated price range of between 185 and 204 million dollars per unit.
"The vessels will most likely use Hanwha and Posco's proprietary LNG fuel tanks, manufactured with high-manganese cryogenic steel," the consultancy detailed.
"For its part, Hanwha Ocean - listed on the Korea Exchange - has not yet made the orders public, suggesting that both parties may be finalizing certain negotiation details," it added.
In line with Alphaliner's report, once the agreement for the six containerships is finalized, Yang Ming's order book will increase from 15 to 21 vessels, 13 of which correspond to Hanwha.
Meanwhile, for 2028 and 2029, the South Korean shipyard is scheduled to deliver seven 15,880 TEU maxi-NPX vessels to the shipping company, so the six smaller units would be scheduled from 2029.
"Apart from the vessels ordered from Hanwha, Yang Ming's order book still includes two 15,600 TEU LNG-powered vessels from Hyundai Ulsan (the last remaining of a series of five), plus six conventionally powered 8,000 TEU ships from the Japanese Imabari group," the consultancy specified.
"Currently, Yang Ming is the ninth largest shipping company in the world, with an operating fleet of 99 vessels and 757,000 TEU. Excluding the new order for six units, Yang Ming's aforementioned construction portfolio amounts to 190,000 TEU, representing 25% of its current fleet," it concluded.
