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Yang Ming Marine Transport Corp News

05 Jul 2023

Yang Ming Orders Five New Box Ships

© carol_anne / Adobe Stock

Taiwanese container shipping company Yang Ming Marine Transport Corp. announced it has ordered five liquefied natural gas (LNG) dual-fuel containerships from South Korean shipbuilder HD Hyundai Heavy Industries Co., Ltd. The 15,500 TEU newbuilds are scheduled to be delivered in 2026. Each will be equipped with high-pressure LNG dual fuel main engines and ballast water treatment systems. In addition, the vessels will feature an advanced integrated system for navigational information and operation monitoring…

04 Jul 2023

MPA Singapore and LR Sign ‘Silk Alliance’ MoU

Source: LR

Lloyd’s Register Maritime Decarbonisation Hub and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) aimed at collaborating on a fleet-specific decarbonisation strategy for ‘The Silk Alliance’ cross-industry initiative to enable zero-emission shipping across the Indian and Pacific Oceans.The collaboration includes driving investments into scalable fuel supply infrastructure to meet the demand of members of The Silk Alliance and potential wider regional bunkering demands for alternative fuels.Launched in May 2022…

18 Jul 2019

ONE Launches India-Europe Direct Service

Ocean Network Express (ONE)  announced the launch of a new direct service, the Indian Ocean Service 3 (IO3), which covers South East India, Mediterranean, and North Europe.The new product will offer new port coverage and boost reliability to a wider range of direct port call options to ONE’s valued customers, the Japanese container shipping company said in a press release.It will also further expand ONE’s already comprehensive service offerings and allow its clients to enjoy greater choice while bringing efficiency and additional values to the supply chain, the release added.The first sailing of the loop is now expected to start from…

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.

28 May 2019

Two Australians Rescued by Yang Ming Ship

Taiwanese shipping company Yang Ming Marine Transport Corp said that it's containership YM Excellence while sailing from Shekou, China, to Singapore successfully rescued two Australians who were spotted fleeing out of a flaming yacht.After the completion of the rescue operation, the two persons have already returned home in Australia safely.Recalling the experience, Captain Lee Chien-Sheng revealed the crew spotted black smoke billowing out the yacht, and soon it burst into flames. The crew on YM Excellence tried to contact the yacht but in vain; then they found a small boat with two persons managed to escape from the burning yacht.YM Excellence diverted and approached the boat immediately, rescued the two persons and brought them on board.

15 May 2019

Yang Ming Establishes Indonesia Subsidiary

Taiwanese shipping company Yang Ming Marine Transport Corp. will form a new subsidiary with partners in Jakarta Indonesia named PT Yang Ming Shipping Indonesia Today (16th May 2019).PT Yang Ming Shipping Indonesia will have branch offices at Surabaya, Panjang, and Palembang. The company has nominated Benson Chou as President Director for the first term."Prompted by the rapid economic growth in Southeast Asia, global carriers begin to strengthen their regional services to meet the growing market demand. Among ASEAN countries, Indonesia has the largest economy," a press release explained.Given its strategic location and great potential volume growth…

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 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…

21 Jan 2019

Yang Ming Launches New China-Malaysia Direct Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corp. (YM) has announced the launch of CMS service (China-Malaysia service) with effect on February 23rd, 2019 (estimated time of berth from Qingdao).The service is jointly operated by Yang Ming, Gold Star Line Ltd.(GSL), T.S. Lines Co., Ltd (TSL) and CNC, a brand of APL Co. Pte Ltd. Each carrier will deploy a container vessel of nominal 4,250 TEU capacity, said a statement from the marine transportation company.The ports of call are Qingdao, Shanghai, Xiamen, Nansha, Port Kelang, Penang, Port Kelang, Pasir Gudang, Shekou, Hong Kong, Qingdao. A round trip will take 28 days.In addition to the Intra-Asia deployment of more than 35 services, YM continues to strengthen its service network.

18 Sep 2018

Yang Ming Launches New Container Vessel, 'YM Wellbeing'

YM Wellbeing, a new 14,000 TEU full-container vessel built by Imabari Shipbuilding Co., Ltd., was named at a ceremony held on 18th September, 2018.Yang Ming Marine Transport Corp. (Yang Ming) Chairman Bronson Hsieh and his wife Chen Hui-Li were both invited to the naming ceremony; Mrs. Hsieh took on the role as the Lady Sponsor to officiate the naming of the new ship at Imabari Hiroshima Shipyard.YM Wellbeing, constructed by Imabari Shipbuilding Co., Ltd., is the first of five 14,000 TEU full-container vessels Yang Ming chartered from Shoei Kisen Kaisha, Ltd.. Furthermore, YM Wellbeing is the 16th 14,000 TEU vessel to join Yang Ming’s global container fleet.This new ship is designed with a nominal capacity 14…

20 Aug 2018

Shipping Companies Recognized for Efforts to Save Whales

(Photo: NOAA)

NOAA presented awards to 13 global shipping firms for their commitment in helping prevent ship collisions with whales off the coast of California.The companies participated in a Voluntary Speed Reduction initiative by slowing their ships to speeds of 10 knots (about 11.5 mph) or lower while transiting vessel traffic lanes outside the Golden Gate during whale feeding season, from May through mid-November.The national marine sanctuaries of North-central California - Greater Farallones…

16 Aug 2018

Yang Ming Orders Ten 2,800 TEU Containerships

Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels. The contract was signed by Yang Ming’s Chairman Bronson Hsieh and CSBC’s Chairman Cheng Wen-Lon.The new ships are due for delivery starting in the second quarter of 2020 and will help to meet the future demand for medium and long-term vessel deployments, and improve competitiveness, Yang Ming said.In the meantime, Yang Ming will also take delivery of five 14,000 TEU chartered vessels beginning in the fourth quarter 2018 and throughout the first-half of next year.In light of the rapid growth seen in the Asian emerging markets…

14 Aug 2018

Target Corporation Honors Yang Ming

Yang Ming Marine Transport Corp. was named “Provider of the Year” on 18th July, 2018 by Target Corporation, the second-largest department store retailer and importer of containerized freight in the United States.Yang Ming was also accredited with the “Environmental Ship Index Award 2017” by Marseille Fos Port Authority, said a company statement.The “Provider of the Year” award distinguishes the provider who has demonstrated exceptional operational performance in cooperation with Target Corporation.Yang Ming achieved a score of 99.9% against stated performance goals. In the past year, Yang Ming provided all market services, dutifully fulfilling commitments…

18 Jul 2018

Yang Ming Marine Transport Upgrade China-Indonesia Service

Taiwanese ocean shipping company  Yang Ming Marine Transport Corp. (YM) will upgrade its China to Indonesia Service (CTI service).Four container vessels of nominal 4,250TEU will be deployed for the service effective on 7th August 2018.They will serve customers not only from Central & South China to/from Jakarta & Surabaya but also provide direct service from Davao to Kaohsiung & China.The CTI service will make a round voyage in 28 days. The rotation of ports of call are: Shanghai–Ningbo–Shekou–Jakarta–Surabaya–Davao–Kaohsiung– Shanghai. Besides CTI service, YM provides another three service loops covering Indonesia market; namely South East Asia Service (SEA service)…

09 Jul 2018

Costamare Orders Five Newbuild Boxships from Jiangsu Yangzijiang Shipbuilding

Costamare announced the conclusion of shipbuilding contracts and long term charter agreements for five newbuild containerships, as well as the acquisition and chartering of two secondhand containerships. The Company has ordered five newbuild containerships from Jiangsu Yangzijiang Shipbuilding Group, each of approximately 12,690 TEU capacity. The vessels are expected to be delivered between the second quarter of 2020 and the second quarter of 2021 and upon delivery they will commence a ten-year time charter to Yang Ming Marine Transport Corp. The acquisition is expected to be financed with cash on hand and debt. In June 2018, the Company agreed to purchase two 2013-built, 5,000 TEU wide-beam containerships, the c/v Megalopolis and the c/v Marathopolis.

17 Jun 2018

Yang Ming Wins the 2017 Blue Circle Awards

Taiwanese ocean shipping company Yang Ming Marine Transport Corp was granted the “2017 Blue Circle Awards” by Vancouver Fraser Port Authority (VFPA). This is the third time Yang Ming being recognized for its environmental commitment by VFPA since 2015. Bella Yang, President of YANG MING SHIPPING (CANADA) LTD., represented Yang Ming to receive the honor. The Blue Circle Awards is a recognition reserved for the highest level of participation in the EcoAction Program by VFPA intended to promote marine carriers excelling in environmental stewardship and encourage carriers to execute a variety of fuel, technology and environmental management options which help improve the environment.

06 Jun 2018

YM Efficiency Docks in Sydney after Losing 83 Containers at Sea

A Taiwan-owned cargo ship docked safely in Sydney on Wednesday after losing 83 containers off the coast of Australia during a massive storm which saw the ship battered by five metre (15 feet) swells.The YM Efficiency limped into Sydney with a container hanging halfway off its side. It had arrived off Sydney four days earlier but was kept out at sea because the city's main port was closed due to bad weather.The challenge for port operators is to unload the remaining 26 damaged containers without the rest toppling into Port Botany.The Yang Ming Marine Transport Corp owned containership was travelling from Taiwan to Sydney when it sailed into a major storm about 30 kms (18 miles) off the country's east coast…

14 Sep 2017

THE Alliance Sets $50 Mln Insolvency Contingency Fund

(File photo: Hapag-Lloyd)

Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind. On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing creation of a contingency trust fund designed to protect customers’ cargo and the ocean transportation chain should one of THE Alliance’s carriers experience financial distress or an insolvency event. I support the goal behind this amendment: the smooth and continuous flow of cargo even in the face of another ocean carrier bankruptcy or catastrophic failure.

07 Sep 2017

Yang Ming Implements ECO Insight

The Taiwanese carrier Yang Ming Marine Transport Corp. will roll out DNV GL’s performance management solution ECO Insight. Yang Ming operates a fleet of 98 vessels, representing six million DWT and an operating capacity of 590,000 TEU, the majority of which are container vessels. Yang Ming will use ECO Insight performance management onshore, with Navigator Insight voyage reporting onboard for their vessels. “We are always active in finding solutions that can save energy and improve our fleet’s performance. After working closely with the team we’ve seen that ECO Insight is a comprehensive and professional solution for fleet performance management,” says James Jeng, Marine Department, Vice President, Yang Ming Marine Transport Corp.

24 Apr 2017

Yang Ming Halts Container Service to Iran

Taiwan’s troubled Yang Ming Marine Transport Corp is halting its container service to Iran, becoming the first foreign shipping line to abandon the route a year after international sanctions on Tehran were lifted, Reuters reported. Yang Ming announced in a regulatory filing it had suspended its share trading until May 4 in an effort to reduce losses from a global downturn in shipping. Yang Ming, the world’s ninth largest container shipping line, is a comparatively small player in Iran, calling there just once a week. Several larger shipping lines have begun serving Iran since sanctions were lifted a year ago. An executive with Keelung-headquartered Yang Ming said the firm had “ceased direct services to Iran on concerns of rising tensions there”.

06 Dec 2016

Yang Ming May Merge with Port

Taiwanese container carrier Yang Ming Marine Transport Corp should merge with state-owned port company Taiwan International Port Corp. (TIPC), report local media quoting a member of Taiwan's parliament. Legislator Chen Ou-po of the Democratic Progressive Party (DPP) proposed that Yang Ming, which is 33% government-owned, can merge with state-owned TIPC, Taipei Times reported. Taiwan’s ministry of transportation and communications is working on the possibility of merging container carrier Yang Ming, island’s second largest containerline, and TIPC. The merger is mooted as part of reform measures aimed at helping the weak maritime sector.

04 Nov 2016

Yang Ming Agrees to Pay Cuts

Yang Ming Marine Transport Corp management team has agreed to take steep pay cuts to weather a downturn in the global cargo shipping sector that has strained the company’s earnings. According to a report in Taipei Times, the company’s board of directors approved a plan to cut the salaries of first line managers by 30 percent, while executives’ pay is to be reduced by 50 percent. The pay cuts are estimated to yield annual cost savings of about NT$30 million (US$953,349), Yang Ming said in a statement. Yang Ming’s sales in the first nine months of this year dipped 14.09 percent annually to NT$83.89 billion. The company said its pay cuts reflect the management team’s conviction in effecting operational turnaround plans, and the gesture would boost morale among its staff and line personnel.

16 Nov 2016

$1.9 bln Shipping Rescue Package in Taiwan

Taiwanese government said it will provide 60 billion New Taiwan dollars ($1.9 billion) to support the country’s shipping industry, according to Reuters. The package, announced late Tuesday, involves a credit line with preferential interest rates aimed mainly to help Evergreen Marine Corp. and Yang Ming Marine Transport Corp., two of the world’s biggest container operators, says WSJ. The government wants to to prevent a collapse similar to Korea’s Hanjin Shipping Co. The Deputy Minister of Transportation and Communications Wang Kwo-tsai explicitly cited the failure of Hanjin Shipping and its knock-on effects for South Korean industry and citizens, according to the Taipei Times.

05 Dec 2016

Taiwan Shipping in Troubled Water?

Taiwan's shipping lines aren't looking quite so young and fresh as they were earlier, reports Bloomberg. While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, Taiwan's shipping lines have remained proudly single. Taiwan's major three -  Evergreen Marine Corp., Yang Ming Marine Transport Corp. and Wan Hai Lines Ltd. - have kept aloof from the fray. Taiwan has offered its main container shipping lines a relief package to keep them afloat amid worst-ever trading conditions. Taiwan's transportation ministry has offered Evergreen Marine and Yang Ming Marine Transport, the main shipping conglomerates, a US$1.9bn relief package including a credit line with preferential interest rates.