150 ships with 10 billion dollars!Taiwan launches largest-ever shipbuilding project

As the shipping market booms, Taiwan's shipping companies are accelerating their fleet expansion by buying ships and building ships.
 
According to the data, the value of orders from Taiwan's shipowners has exceeded US $7 billion, including 119 owned and long-term chartered vessels under construction, a record high.
 
Among the shipping companies, Evergreen ranks the first in terms of its own orders and long-term chartered ships, with a total of 46 ships, and the total order price is about US $6.096 billion. Evergreen also has 20 15000TEU container ships under negotiation.
 
The second-ranked Wanhai Lines has ordered 24 ships with a total price of about $829 million.
 
YangMing Marine ranks third with 10 ships on order, with a total price of about $843 million and four ships in talks.
 
T.S. Lines ranks fourth with six ships on order, with a total price of about $150 million.
 
Among the bulk shipping companies, Wisdom Marine Group holds the largest number of orders. There are currently 16 new ships under construction, with a total ship price of approximately US$438 million.
 
U-Ming Marine has 8 new ships under construction in its holding orders, with a total ship price of approximately US$261 million.
 
Taiwan Navigation has an order for 5 ships, with a total ship price of about 115 million yuan.
 
Another factor that prompts shipping companies to speed up ship orders is increasingly stringent environmental regulations.
 
The Energy Efficient Existing Ship Index is likely to be approved by IMO in May and June this year and it will be implemented from January 2023.
 
Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.