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Yang Ming

Yang Ming To Purchase Nine Containerships

Yang Ming Marine Lines approved a plan to issue $150-180 million in convertible bonds overseas to finance the purchase of nine new container ships. Yang Ming said it plans to buy seven ships, each with a capacity of 1,500 teu, to ply its its Asian lines, and two 5,500-teu ships for its transoceanic routes. "The company feels that shipbuilding costs are still at low levels and the shipping market is in an upturn, which fits with our plans to strengthen our regional and transoceanic fleets," Yang Ming's said in a statement. Yang Ming said the nine ships represented a record order for the shipper, which purchased five 5,500-teu containerships in 1998.


Yang Ming Profit Hits $55M

Taiwan's second largest shipping firm Yang Ming Marine said on Tuesday its net profit in 1999 reached T$1.675 billion ($55.3 million) The company's 1999 sales totaled T$45.168 billion ($1.5 billion), Yang Ming said in a statement. It gave no comparative figures for 1998. Yang Ming's board of directors had agreed to offer dividends of T$1 per share to stockholders. The dividend included T$0.4 in cash and T$0.6 in stock


Consortium Formed to Invest in China Shipbuilding

At the invitation of China Steel Corp. (CSC) and Yang Ming Marine Transport Corp., Wan Hai Lines Ltd. has shown its willingness to enter into a consortium led by CSC to invest in the state-run China Shipbuilding Corp., which has decided to go private through public bidding, according to a report on Taiwan Headlines. China Shipbuilding estimated it would sell a 51 percent up to 66 percent stake to become a privately owned firm


Yang Ming Sales Sag

Taiwan's Yang Ming Marine Transport Corp., the island's largest shipping firm in terms of revenues, said on Thursday it made sales of T$3.75 billion in May, down 1.37 percent from the same month in 2000. That brought accumulated sales in the January-May period to T$19.85 billion, a 5.17 percent rise from the corresponding period last year. May sales were down 13.8 percent from T$4.35 billion in April. - (Reuters)


Yang Ming Chooses SpecTec

Yang Ming, the second largest shipping company in with a total fleet of 91 vessels representing 4.1 million-DWT of which container vessels are the main service, though 10 bulk carriers are also in operation. Yang Ming transports more than 3.1 Million TEUS per annum; a result which places them in the top 5 container lines in the world. The signing ceremony took place through the representation of Key Stake Holders from Yang


Seaspan Accepts Delivery of 14,000 TEU Box Ship

Seaspan Corporation has accepted delivery of a 14,000 TEU containership new build, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's sixth 14,000 TEU SAVER design containership and eighth delivery in 2015. The YM Warmth will commence a 10-year, fixed-rate time charter with Yang Ming Marine Transport Corp. Yang Ming may extend the charter for up to an additional two years.


COSCO Launches New Shipping Service

China Ocean Shipping Corporation (COSCO) Container Lines has launched a weekly shipping service from Shanghai to Japan and the U.S. east coast. Operated jointly by COSCO, Japan's Kawasaki Kisen Kaisha Ltd. and Yang Ming Lines of Taiwan, the service will shorten travel time between Hong Kong and New York from 33 days to 26 days and went into operation on Monday, officials said. The route starts in Shanghai with stops at Yantian, in south China's Guangdong province, Hong Kong, and the U.S


Seaspan Enters Long-Term, Fixed-Rate Time Charter Agreements

Seaspan Corporation has announced  that it has, further to a previously announced binding letter of intent, signed long-term, fixed-rate time charter contracts with Yang Ming Marine Transport Corp. for five 140,00 TEU class newbuilding containerships. Concurrent with the signing of the time charter contracts and further to a previously announced commitment, Seaspan has entered into shipbuilding contracts with CSBC Corporation Taiwan for these five 14,000 TEU class containerships


Diana Containerships to Buy Two Post-Panamax Vessels

diana containership logo.png

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels, the m/v YM March and the m/v YM Great. The m/v YM March and the m/v YM Great are both 2004-built vessels of 5,576 TEU capacity. The purchase price for each vessel is $22.175 million


Post-Panamax Ship Delivered to Diana Containerships

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today announced that, through a separate wholly-owned subsidiary, it took delivery of the m/v YM March, a 2004-built Post-Panamax container vessel of 5,576 TEU capacity that the company entered into an agreement to purchase on August 7, 2014. The YM March is chartered to Yang Ming (U.K.) Ltd., at a net charter rate of $12,000 per day


Cavotec Wins Port Equipment Orders

Photo: Cavotec

Press release- Global engineering group Cavotec has won five separate orders with a combined value of more than $9.6  million for some of its key innovative technologies, including the Group's MoorMasterTM automated mooring system and the new Automatic Plug-in System (APS)


Evergreen Advises NUE3 (AWS) Seasonal Suspension

evergreen.png

COSCON, Yang Ming, Hanjin Shipping and Evergreen Line are to implement winter service adjustment to NUE3(AWS) service, in response to seasonal market demand. The lines will suspend NUE3(AWS) service effective from December 3, 2015.  


Drewry: Container Reliability Stable in November

Drewry containership reliability by trade, November 2015 (Source: Drewry Carrier Performance Insight)

Containership reliability was broadly unchanged in November as the average on-time performance across all trades slipped by just 0.8 percentage points against October to 77.2 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain


Drewry: Container Reliability Stable in November

Graph: Drewry Supply Chain Advisors

 Containership reliability was broadly unchanged in November as the average on-time performance across all trades slipped by just 0.8 percentage points against October to 77.2%, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain


Taiwan's Yang Ming Marine to Add Bigger Vessels to its Fleet

Image by Yang Ming Marine Transport Corporation

 Yang Ming Marine Transport Corporation, Taiwnanese global shipping and logistics services company,  will take delivery of 14 large-sized ships over the next two years, as it moves to expand its fleet of shipping vessels.   


Panamax Vessel Delivered to Diana Containerships

diana containership logo.png

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v YM New Jersey, a 2006-built Panamax container vessel of approximately 5


Third 14,000 TEU Container Joins Seaspan

Image: Seaspan Corporation

 Hong Kong-based owner and operator of containerships Seaspan Corporation has taken delivery of a 14,000 TEU containership, the YM Winner.   The new ship, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan’s third 14


China Fines 21 Liner Companies in Sino-Japan Routes

Photo: Orient Overseas Container Line Limited

 China’s Ministry of Transport has fined 21 shipping companies operating on Sino-Japan routes have been fined for violating international regulations on fair competition.   The accumulated amount of the fines totals in USD 684,000 (RMB 4.25 million), the ministry said.  


HHI Delivers 14,000 TEU Box Ship to Seaspan

Seaspan Corporation accepted delivery of a 14,000 TEU containership, the YM Witness. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's fourth 14,000 TEU SAVER design containership and fifth delivery in 2015.


Cosco's Ambitious $1.5Bln Megaship Plan

MV Cosco China. Photo: COSCO

Chinese shipping behemoth Cosco Holdings has confirmed it will order 11 container megaships for $1.5 billion, despite an estimated 30 percent overcapacity in container shipping having sent freight rates to levels that at times don't even cover the fuel cost of moving containers across oceans


Will Cosco-CSCL Merger be a Trend-setter?

Photo: COSCO

 A China Ocean Shipping Company COSCO-China Shipping Container Lines (CSCL)merger makes financial sense, but would have huge implications for competition in the container shipping industry, according to Drewry Maritime Research.  


Seaspan Acquires Sixth 14000 TEU Boxship

SEASPAN Spanning the Ocean Highways

  Seaspan Corporation  announced today that it accepted delivery of a 14000 TEU containership, the YM Warmth. The new containership, which was constructed at Hyundai Heavy Industries Co., Ltd., is Seaspan's sixth 14000 TEU SAVER design containership and eighth delivery in 2015.


China: Asian Box Shipping Lines Cut Fees

File Image: P.Plisson (CMA CGM)

Asian shipping lines including Japan's Kawasaki Kisen Kaisha and China Shipping Container Lines have voluntarily lowered shipping surcharges, the country's top economic planner said on Monday. The statement by the National Development and Reform Commission (NDRC) comes after China's cabinet


Asian Shipping Lines Lowers Fees

Photo: Kawasaki Kisen Kaisha (K Line)

 China’s National Development and Reform Commission (NDRC) said Japan’s Kawasaki Kisen Kaisha (K Line), South Korea’s Hanjin Shipping, Hyundai Merchant Marine (HMM), Taiwan’s Evergreen, Wan Hai Lines, Yang Ming, China Shipping Container Lines (CSCL) and others


Seaspan Reports Strong Revenue Growth

Photo: Seaspan Corporation

 Seaspan Corporation, a large owner of containerships that charters vessels to liner companies, improved its revenue as well as net result in the first nine months of 2015, a development mainly attributed to new ships delivered this year, notes management.  






 
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