Two shipyards are said to be in the running for a container ship newbuilding tender floated by Taiwan’s Yang Ming Marine Transport for a series of neo-panamaxes worth at least $900m.

Shipbuilding sources identified South Korea’s Hyundai Heavy Industries (HHI) and Singapore-listed Yangzijiang Shipbuilding as moving forward in the tender process.

Yang Ming wants to build five 15,000 teu to 16,000 teu vessels that will be powered by LNG fuel.