HONG KONG Jan 4 Taiwan's government-owned Yang
Ming Marine Transport Corp said it would award a
10-year charter contract to New York-listed Seaspan Corp
for up to 10 new ultra-large container vessels.
Set to be delivered from 2015, Yang Ming will charter five
of the new ships, with an option to lease another five, which
will help it cut unit costs, spokesman Winsor Huang said.
"Seaspan has won the tender to provide the new ships and an
agreement is expected to be signed later this month," Huang told
Reuters on Friday.
The vessels of 14,000 twenty-foot-equivalent units (TEU)
each, which will be the first ULCS for Yang Ming, are most
likely to be built by a South Korean shipbuilder, he said, but
declined to provide any details.
The market price to build a new 14,000 TEU is estimated at