Yang Ming Marine Transport Corp became the latest Taiwan carrier planning a giant splurge on new containers this year.

The shipping line will spend more than US$68.56 million on 30,000 TEUs to cover an expected rise in demand for cargo.

The plan, which its board approved at a meeting on Wednesday, will be the largest container purchases for Yang Ming Marine after the financial meltdown in 2008, Asia Pulse reported.

Yang Ming follows the December announcement by rival Evergreen Marine, Taiwan's largest line, that it planned to buy 25,000 TEU, targeting the increasing demand for cargo delivery from Asia, in particular from the Association of Southeast Asian Nations (ASEAN).

Yang Ming Marine said due to the global financial crisis, the company had delayed the container purchasing plan for two years, but as the shipper expects its container cargo delivery volume will rise 8-9 percent this year from last year, the plan has been reinstated.

The company said the new containers will be used on the routes to Europe, Asia and the Americas.