Yang Ming Plan Transpacific Networks for ’25

Ocean Network Express and Taiwan-based Yang Ming said they will introduce a transpacific service in February 2025.Japan-based ONE said it will deploy 16 weekly transpacific services, with an emphasis on end-to-end direct services and high schedule reliability. Yang Ming said it will participate in 13 of the loops between Asia and the U.S. East and West coasts.The move coincides with Hapag-Lloyd’s departure from THE Alliance, or THEA, operated with ONE ... [+]

Yang Ming Financials

During its May 13 board meeting, Yang Ming Marine Transport Corporation revealed that consolidated revenues for Q1 totaled US$1.15 billion, a decrease of 1% compared to with US$1.14 billion in revenue from the same period of previous year. The company’s net loss, after tax, was US$27.15 million. The first ... [+]

Yang Ming Launches Two Ultra Large Container Vessels

 Two new 14,000 TEU full-container vessels built for Yang Ming Marine Transport Corp. (Yang Ming) by Imabari Shipbuilding Co., Ltd., Japan, were named as YM Wonderland and YM Wisdom respectively at a ceremony held on 21st December, 2018. Yang Ming Chairman Bronson Hsieh, and National Ocean Taiwan University President Chang ... [+]

Yang Ming Receives “Vast Interest” from Shareholders

Yang Ming announced that it has raised US$54 million from several private investors in the first round of its comprehensive recapitalization plan, with “vast interest” from current shareholders. In a statement on its website, officials write: “To recap briefly, Yang Ming had set out a comprehensive recapitalization plan to raise capital ... [+]

Possible East-West Alliance Could Encompass 18% of World Container Fleet Capacity

Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to create a new alliance covering all East-West trade lanes namely, Asia-Europe/ Mediterranean, Asia-North America West Coast, Asia-North America East Coast, Transatlantic and Asia-Middle East/Persian Gulf/Red Sea. A binding agreement has been concluded by all partners ... [+]

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