YMMT to Buy Containers

6 January 2011 (Last Updated January 6th, 2011 18:30)

Yang Ming Marine Transport (YMMT) is planning to invest $68.6m to acquire container vessels this year. The Taiwanese shipping company is planning to buy 30,000teu containers due to an expected 8-9%raise in container cargo volume. YMMT said it delayed the container purchase fo

Yang Ming Marine Transport (YMMT) is planning to invest $68.6m to acquire container vessels this year.

The Taiwanese shipping company is planning to buy 30,000teu containers due to an expected 8-9%raise in container cargo volume.

YMMT said it delayed the container purchase for two years following the global financial crisis in 2008, according to focustaiwan.com.

The company operates a fleet of 82 ships.