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Marine Transport Corporation News

31 May 2023

Yang Ming Orders Five Dual-Fuel LNG Container Ships

 Captain James Jeng, Yang Mingā€™s Chief Marine Technology Officer, and Jae Ho Kang, Hyundai Heavy Industriesā€™ Executive Vice President (Source: Yang Ming)

Taiwanā€™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.

12 Jul 2022

U-Mingā€™s New Post Panamax Bulk Carrier Christened

Douglas Hsu, chairman of Far Eastern Group; Tracy Tsai Wang, Sponsor; CK Ong; and 
CK Ong, President of U-Ming Marine Transport Corporation. (Photo: U-Ming Marine Transport Corporation)

A christening ceremony at Oshima Shipbuilding yard in Japan was recently held by U-Ming Marine Transport Corporation (TSEC code: 2606 ā€“ one of nine public-listed companies of the Far Eastern Group) for its new built 99,990 DWT Post Panamax Bulk Carrier M.V. Cemtex Dominance.The event was hosted by Mr. Douglas Hsu, Chairman of the Far Eastern Group on July 12, 2022, with attendance of Mrs. Tracy Tsai Wang, who christened the vessel and also many business associates and distinguished guests.Measuring 235m in length and 40m in width, M.V.

26 Apr 2022

U-Ming Marine Offshore Buys Two CTVs for Offshore Wind Market in Taiwan

Credit: U-Ming Marine Offshore Company Limited

U-Ming Marine Offshore Company Limited (UMO) has acquired two secondhand crew transfer vessels (CTVs) and completed their reflagging.The company, a joint venture between U-Ming Marine Transport Corporation and World Marine Offshore A/S, said the vessels, ā€œUMO Mistralā€ and ā€œUMO Sciroccoā€ were trimaran SWATH vessels ideal for the harsh environment in Taiwan. "The hull form of the trimaran gives crew and passengers optimal sea comfort and less fatigue, and reduced slamming. The design shows a 40% improvement of uptime compared to best catamarans available on the market.

14 Dec 2021

U-MING Fleet Management System Takes Digitalization to the Next Level

Right: Mr. Jeff Hsu, Executive Vice President, U-MING Left: Mr. Junichi Kawakami, Regional Manager, ClassNK (Photo: Asa of FEG DRIVE)

ClassNK granted its Innovation Endorsement for Products & Solutions to U-MING Marine Transport Corporation (U-MING)ā€™s Fleet Safety Management(FSM) System, co-developed and coded with the help of Ericsson.In July 2020, to promote the spread and development of innovative technologies, the Society launched Innovation Endorsement as a swift certification service in cooperation with technological front runners to establish appropriate evaluation criteria. Among the certification categoriesā€¦

10 Nov 2020

Four New Dual-fuel Bulkers to Support U-Ming Charter Deal

Ā© Maksym Dragunov / Adobe Stock

U-Ming Marine Transport Corporation, Taiwanā€™s largest publicly listed bulk carrier company, secured a 10-year liquefied natural gas (LNG) dual-fuel dry bulk charter contract with global mining company Anglo American.A fleet of four LNG dual-fuel Tier III 190,000 DWT bulk carriers measuring 299 by 47.5 meters each will be built by Shanghai Waigaoqiao Shipbuilding (SWS) to support the charter. The new ships are expected to be delivered through 2023.The ships will be fitted with MAN Energy Solutionsā€™ high-pressure ME-GI engines.

14 Feb 2020

Stowage Deficiencies Caused YM Efficiency Containers Loss -Report

(Photo: ATSB)

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 Corporationā€¦

06 Feb 2020

4 Major Lines Jointly Launches EMA Services

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.EMAā€¦

08 Jan 2020

Yang Ming to Launch Taiwan - Japan Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that it continues to enhance its Intra-Asia service network by launching a new Taiwanā€“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 Mingā€™s existing services between Taiwan and Japan, namely JMV, JTC, JTS, JTX and PAS.Furthermore, the transit time between Taiwan and Japanā€™s Kansai region will be shortened by 1~2 days at least."With the new serviceā€¦

08 Dec 2019

Yang Ming Sets-up Shop in China

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 Mingā€™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 Mingā€™s total cargo volume. With the addition of a new member joining THE Alliance in the upcoming yearā€¦

14 Nov 2019

Yang Ming Sees Weaker Demand

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 Alphalinerā€™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 conditionsā€¦

29 Oct 2019

Yang Ming to Launch New ITS Service

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 Kelangā€¦

08 Oct 2019

Yang Ming Launches CVK Service

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 Mingā€™s first service that directly links Chinaā€™s ports, Da Nang and Sihanoukville. The launch of CVK service will significantly shorten the transit time and offer more efficient delivery service between Chinaā€¦

29 Aug 2019

Yang Ming Launches Japan-Thailand Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation enhances its Intra-Asia service network by launching a new Japanā€“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 Mingā€™s network through a space swap program with Ocean Network Express Pte. Ltd.With the launch of JT1 complementing the existing two Japanā€“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).

13 Aug 2019

Yang Ming Reports Net Loss of $41mln in Q2

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 Mingā€™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 Alphalinerā€¦

10 Jul 2019

Yang Ming Enhances Network

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.

01 Jul 2019

ā€œKā€ Line, Taipower, U-Ming, and Kuang Ming Establish JV

File Image: a K Line bulk coal carrier (CREDIT: K Line)

Kawasaki Kisen Kaisha, Ltd. ("Kā€ Line), Taiwan Power Company (Taipower), U-Ming Marine Transport Corporation (U-Ming), and Kuang Ming Shipping Corporation (Kuang Ming) have agreed to establish a new joint venture shipping company, and jointly signed Memorandum of Understandingļ¼ˆMOUļ¼‰in Taipei, Taiwan on July 1. This new joint venture will own both coal and LNG carriers, and operate them for transporting these raw materials to Taipower.

14 May 2019

ZIM Joins DCSA

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 ā€” A.P. Moller ā€“ Maersk, Hapag-Lloydā€¦

11 Apr 2019

Shoei Kisen to Deliver 4 Vessels to Yang Ming

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 Mingā€™s Chairman Bronson Hsieh and Shoei Kisenā€™s President Yukito Higaki.The four new vessels will be delivered in the first three quarters of year 2022.In order to enhance the companyā€™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 11ā€¦

06 Mar 2019

Yang Ming Launches Final Two Mega-Ships

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 Mingā€™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 Wellspringā€¦

28 Jan 2019

Yang Ming Announces New Intra-Asia Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation announced a new Intra-Asia service KVM(Koreaā€“Vietnamā€“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.

24 Dec 2018

Imabari Shipbuilding Delivers Two Container Ships to Yang Ming

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.

12 Nov 2018

Yang Ming Cuts Losses, Optimizes Fleet

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 ā€œunfavourable supply-demand balanceā€, with weakening freight rates and escalating bunker prices adding $134 million to the carrierā€™s operating costs.Meanwhile, the Keelung-based shipper said that it will introduce four 14ā€¦

13 Nov 2018

ROVs to Investigate Lost Shipping Containers

(Photo: AMSA)

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 environmentā€¦