Big newbuilding program sees ZIM overtake Yang Ming
Source
American Shipper
Post Date
04/18/2024
A massive newbuilding program and a string of recent vessel deliveries has pushed the operated fleet of Haifa-based ZIM bast that of Taiwan? Yang Ming.
With a fleet capacity of 707.332 teu, ZIM now claims the ninth rank among the world? container shipping lines.
As per 9 April, the carrier? fleets were a mere 314 teu apart in terms of overall capacity.
ZIM currently operates 131 ships, while Yang Ming deploys 94.
Structurally, the carrier? fleets very much differ since ZIM tered 95% (122 ships) of its capacity, while Yang Ming balances tering (59% / 38 ships) and ownership (41% / 56 ships).
The most striking difference between the two is Yang Ming? restraint over the past few years, while ZIM has embarked on a massive fleet expansion scheme. From a low point of 271,00 teu in April 2020, the carrier doubled capacity in just three years until April 2023.
