Yang Ming has ordered over 40,000 new containers for $120m, ahead of the delivery of several newbuildings. The containers were commissioned at China International Marine Containers (CIMC) and Guangdong Fuwa Equipment Manufacturing.
Of the containers, 22,750 were ordered at CIMC and 17,650 at Guangdong Fuwa.
Yang Ming’s directors approved the container procurement on 17 April, and the orders were placed after seeking tenders from manufacturers.
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