Yang Ming to invest in 30,000 TEU
Yang Ming Marine Transport Corp., one of Taiwan’s leading shippers, said Thursday it is planning to spend more than NT$2 billion (US$68.56 million) to buy containers in 2011, expecting rising demand for cargo delivery.
The plan, which its board approved at a meeting Wednesday, includes buying 30,000 twenty-foot equivalent unit (TEU) containers. This will be the largest container purchases for Yang Ming Marine after the world’ financial meltdown in 2008, the company said.
The company said the new containers will be used on the routes to Europe, Asia and the Americas.