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2011 October 4   07:38

Yang Ming puts 6,600-TEU vessel on Taiwan-US east coast service via Suez

Taiwan's Yang Ming Marine has announced the delivery from CSBC Corp, Taiwan, of the 6,600-TEU YM Milestone, the third of four same-size vessels with the other two already in service. The Milestone will use the Suez route to the US east coast from Kaohsiung from October 16, Shippingazette reports.

The new vessel, on the All World 5 (AW5) route, has the following 56-day rotation: Kaohsiung, Hong Kong, Shenzhen-Yantian, Vietnam's Cai Mep, Singapore, the Suez, New York, Norfolk, Boston and back to Kaohsiung on the same route.

The other two ships, YM Mutuality and YM Mobility, began serving the Asia-Med route in April and May from Shanghai to Fos Sur Mer in France.

Yang Ming Marine currently operates a fleet of 83 vessels, with a total capacity of 345,000 TEU.

In the first half of this year, Yang Ming Marine incurred NT$2.55 billion (US$84 million) net loss against a NT$2.76 billion net profit a year earlier, reported Taiwan's Central News Agency.

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