Yang Ming Marine Transport Corporation News

Taiwan’s Yang Ming Marine Transport Corporation has ordered five 15,500 TEU LNG dual fuel container ships from HD Hyundai Heavy Industries.The new vessels are scheduled to be delivered in 2026. They will be equipped with a high-pressure LNG dual fuel main engine. In addition, they will feature a ballast water treatment system, an advanced integrated system for navigational information and operation monitoring and a broadband maritime satellite system.These technologies are integral for collecting navigational big data and enhancing the safety of the vessels, says Yang Ming.

Deficiencies in the cargo stowage arrangement ultimately caused the YM Efficiency to lose 81 containers while sailing in heavy seas off Australia in June 2018, the Australian Transport Safety Bureau's (ATSB) investigation revealed.The Liberian-flagged vessel was en route from Taiwan to Sydney when it suddenly rolled heavily in strong gale force winds and rough seas, causing the ship to lose 81 containers overboard and another 62 containers to be damaged. The containership, operated by Taiwan shipping company Yang Ming Marine Transport Corporation…

Chinese state-owned shipping company COSCO Shipping Lines, Hong Kong container shipping company Orient Overseas Container Line (OOCL), Japanese/Singapore container shipping company Ocean Network Express (ONE) and Taiwanese ocean shipping company Yang Ming Marine Transport Corporation are to launch a new weekly Transatlantic service, East Mediterranean - America Service (EMA).The first commencing voyage is scheduled to operate on April, 2020, subject to Federal Maritime Commission (FMC) filing.The EMA service, jointly operated by the four lines, will consist of six Panamax vessels. The port rotation for the weekly service is Mersin - Haifa - Alexandria - Istanbul - Piraeus - Genoa - Algeciras - New York - Norfolk - Savannah - Algeciras - Mersin.EMA…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that it continues to enhance its Intra-Asia service network by launching a new Taiwan–Japan service (JCH) effective from January 26th, 2020.The JCH service will provide weekly direct service between Kaohsiung, Osaka, Kobe and Hakata, said the largest Taiwan-based global shipping logistics services company, operating a fleet of more than 100 vessels.The launch of JCH service will expand Yang Ming’s existing services between Taiwan and Japan, namely JMV, JTC, JTS, JTX and PAS.Furthermore, the transit time between Taiwan and Japan’s Kansai region will be shortened by 1~2 days at least."With the new service…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has formed a new subsidiary with un-named partners in Shanghai named Huan Ming (Shanghai) International Shipping Agency.The subsidiary will begin operating on 1st January, 2020. Huan Ming will act as Yang Ming’s general agent in China. With the establishment of Huan Ming, Yang Ming is confident that its image will be further strengthened and the resources in China better integrated to reasonably reduce operating costs and improve operating efficiency.China accounts for a large share of Yang Ming’s total cargo volume. With the addition of a new member joining THE Alliance in the upcoming year…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation takes a hit with a net loss of about USD 42 million for the third quarter and sees signs of "weaker demand" in the container market.Yang Ming said that according to analyst firm Alphaliner’s latest projections, annual capacity growth is forecast at 3.7% and global throughput growth for 2019 is estimated at only 2.5%, which suggests a softer market demand than was previously expected.Meanwhile, the container shipping market remains vulnerable to trade uncertainties and geopolitical tensions. It is unclear the extent of potential impact those tensions and uncertainties will have on demand.Despite unpredictable market conditions…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that encouraged by the steady economic growth and foreign trade in between Indonesia, Singapore, Malaysia and Thailand, it  continues to enhance its Southeast Asia deployment with the new ITS service (Indonesia - Singapore/Malaysia - Thailand Service).The ITS service is set to be launched on November 12th, 2019, Yang Ming said.A total of three container ships with loadable capacity of 1,180 TEU each will be deployed for ITS service, of which one is contributed by Yang Ming. The full port rotation will be Singapore, Port Kelang, Semarang, Surabaya, Port Kelang…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced the launch of CVK service (China-Vietnam-Cambodia Service) with effect from October 21st, 2019."We are launching the service in light of the strong cargo volumes in the area of China, Vietnam and Cambodia," said a press release.The port rotation of CVK service is Ningbo, Shanghai, Xiamen, Da Nang, Ho Chi Minh, Sihanoukville, Ho Chi Minh, Hong Kong, Ningbo.This will be Yang Ming’s first service that directly links China’s ports, Da Nang and Sihanoukville. The launch of CVK service will significantly shorten the transit time and offer more efficient delivery service between China…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation enhances its Intra-Asia service network by launching a new Japan–Thailand service (JT1) effective from September 11th, 2019.The JT1 service will call at Shimizu, Tokyo, Yokohama, Pusan, Laem Chabang. It will directly link Laem Chabang with Japanese ports and Pusan.The new weekly service will be added to Yang Ming’s network through a space swap program with Ocean Network Express Pte. Ltd.With the launch of JT1 complementing the existing two Japan–Thailand services, JTC and JTX, Yang Ming will provide customers with more convenient and reliable services between Japan and Thailand.Yang Ming will also launch a new service, East India and North Europe Express (code: IEX).

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation reported a consolidated revenues of about  NTD 40.4 billion (USD 1.3 billion) for the second quarter of 2019, up 20.24% compared to the same period of prior year.Business volumes increased by 5% year-on-year to 1.35 million TEUs. Net loss for second quarter of the year was NTD 1.27 billion (USD 40.99 million).Meanwhile, Yang Ming’s consolidated revenues for the first half of 2019 rose by 16.77% compared with the same period in the previous year to NTD 75.48 billion (USD 2.44 billion), an increase in business volume of 5% to 2.64 million TEUs. The net loss for the first half year was NTD 1.95 billion (USD 62.94 million).As reported by analyst firm Alphaliner…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected. To cope with this trend, Yang Ming Marine Transport Corp. continuously strengthens its Asian service network as well as the quality of Asian routes.Yang Ming has announced the launch of a new Intra-Asia service, China-Thailand Service (CTX service). The first sailing is scheduled for July 12th 2019, departing from Shanghai.A total of three container ships with loadable capacity of 1,200 TEU will be deployed for CTX service, of which one is contributed by Yang Ming.

Israel cargo shipping company Zim Integrated Shipping Services (ZIM) announced that it has joined the Digital Shipping Association (DCSA) dedicated to digitization and standardization in the container shipping industry.ZIM CIO, EVP Eyal Ben-Amram, said: "We are excited to join DCSA and to contribute to the digital transformation. We firmly believe that digital innovation will shape the future of the shipping industry, and our multi-service approach embodies this belief. Standardization is the right way to improve the eco-system of all stakeholders".A month ago, DCSA was created by four founding members — A.P. Moller – Maersk, Hapag-Lloyd…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation  and Japan's Shoei Kisen Kaisha signed charter agreements for four new 11,000 TEU containerships in Hong Kong.During the ceremony, the time-charter agreements were signed by Yang Ming’s Chairman Bronson Hsieh and Shoei Kisen’s President Yukito Higaki.The four new vessels will be delivered in the first three quarters of year 2022.In order to enhance the company’s mid- to long-term operational efficiency and competitiveness, Yang Ming continues its fleet optimization plan during recent years.In addition to these four new 11,000 TEU containerships, Yang Ming had ordered another ten 11…

Taiwanese liner Yang Ming Marine Transport Corporation has announced the launch of two new ultra-large container vessels (UCLVs), which were officially named at Imabari shipyard on March 6, 2019.The two ships, YM Warranty and YM Wellspring, have a container capacity of 14,000 TEU and will join the total of 20 UCLVs added to Yang Ming’s fleet since 2015.Yang Ming Marine Transport Corp. President Vincent Lin was invited to the naming ceremony. Ms. Wu Pao Chen, wife of Yang Ming Shanghai Office President T. S. Chia and Ms. Chen Mei Ching, wife of Yang Ming Chief Financial Officer & Executive Vice President Dannis Lee, acted as the Lady Sponsors.YM Warranty and YM Wellspring…

Two new 14,000 TEU full-container vessels built for Taiwanese ocean shipping company Yang Ming Marine Transport Corporation  by Imabari Shipbuilding  Japan, were named as YM Wonderland and YM Wisdom respectively.Yang Ming Chairman Bronson Hsieh, and National Ocean Taiwan University President Chang Ching Fong, were invited to the naming ceremony. Ms. Sun Lan Tien, wife of Mr. Chang Ching Fong and Ms. Wu Li Fen, wife of Yang Ming Shipping Europe GmbH Managing Director Hsu Shih Feng, were also invited to officiate the naming of the new vessels at Imabari Saijo Shipyard.YM Wonderland and YM Wisdom are the second and the third of five 14,000 TEU full-container vessels Yang Ming chartered from Shoei Kisen Kaisha, Ltd.

Yang Ming Marine Transport Corporation said that the consolidated revenues of Q1 totaled NTD 31.03 billion (USD 1.07 billion), up 2.58% compared with NTD 30.25 billion (USD 1.04 billion) in revenue from previous year. The company’s net loss, after tax, was NTD 1.95 billion (USD 67 million), EPS NTD-0.75. Volumes in 2018 Q1 also increased to 1.22 million TEUs, up 9% year over year. Under an improving container shipping market, Yang Ming has returned to profitability last year. In spite of the typical first quarter slack season, the financial report has shown continued year-on-year growth in volume and revenue which was better than expected, and also demonstrates the progress of Yang Ming’s strategy and global efficiency enhancement.

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation  said that its 3rd quarter net loss after tax for Q3 was USD 30 million, a reduction of 76.16% compared to last quarter, and USD 220 million for the nine-month period.However, in Q3 2018, Yang Ming posted consolidated revenues of USD $1.3 billion, a growth of 15.2% compared to the second quarter of the year.According to a press statement Yang Ming, one of the main reasons for the loss was an “unfavourable supply-demand balance”, with weakening freight rates and escalating bunker prices adding $134 million to the carrier’s operating costs.Meanwhile, the Keelung-based shipper said that it will introduce four 14…

Remotely operated underwater vehicles (ROV) will be deployed to investigate containers lost from a cargo ship in heavy seas off Australia.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney in early June when it lost dozens of containers overboard amid five-meter swells in the Tasman Sea, about 30 kilometers off Australia's east coast.The Australian Maritime Safety Authority (AMSA), citing serious potential impacts to local fishing and the environment…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation announced a new Intra-Asia service KVM(Korea–Vietnam–Malaysia Service) jointly operated by YM and APL Co. Pte Ltd through its CNC brand with effect on February 21st, 2019.The service will be operated with three 1,800-TEU container vessels, one by YM and two by APL Co. Ptd Ltd via its CNC brand.The full port rotation will be Kwangyang, Pusan, Kaohsiung, Ho Chi Minh, Port Kelang, Singapore, Haiphong, Kaohsiung, Kwangyang. A round trip will take 21 days.The new service is expected to connect Northeast Asia and Southeast Asia more efficiently and provide customers with more convenient and excellent delivery service.

Taiwanese ocean carrier Yang Ming Marine Transport Corporation (Yang Ming) registered a net loss of  NTD3.81 billion (USD 129.1 million) for Q2.However, the Q2 consolidated revenues total NTD33.6 billion (USD1.14 billion) was up 1.12% from the same period in the previous year. The business volume of 1.29 million TEUs rose 11.84% year-on-year.In the meantime, for the first half of 2018, Yang Ming’s consolidated revenues totaled NTD64.6 billion (USD2.19 billion), up 1.81% compared with the same period in the previous year. The first half 2018 business volume totaled 2.52 million TEUs, climbing 10.28% from the same period in the previous year.

A cargo ship lost 83 containers over-board during heavy seas off Australia and items including nappies and sanitary pads are washing up on beaches while there are fears the ill-fated containers will pose a hazard for shipping and whales.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney when it encountered 5-metre swells in the Tasman Sea, about 30 km off Australia's east coast late on Thursday."They're 40-foot containers, they sit about a foot or two off the water ... even in the best of conditions they're difficult to spot, but at night and in a swell, almost impossible…

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that its  consolidated revenues of 2017 totaled NTD 131.08 billion (USD 4.4 billion), up 13.59% compared with NTD 115.4 billion (USD 3.88 billion) in revenue from previous year. The company’s net profit, after tax, was NTD 0.32 billion (USD 10.78 million), EPS NTD 0.17. Volumes in 2017 also increased to 4,722 thousand TEUs, up 9 % year over year. Moving into the black, Yang Ming’s annual revenue and profit for 2017 saw significant improvement. Coupled with a recovering shipping market, the effort and dedication from team members worldwide helped Yang Ming’s move in the right direction and take the first step to success.

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has set up the new regional center in Mediterranean area named Yang Ming(Mediterranean) Marine Services Single-Member Limited Liability Company. The new company will start to provide services on 2nd April 2018 in Piraeus, Greece, and Mr. Ted Wu has officially been appointed as Managing Director for the first term. In light of the impressive economic growth in the Mediterranean region, Yang Ming sets up its owned company to serve as the regional center which will strengthen its presence and connect closer to Mediterranean, Black Sea and North Africa areas. With the…