Bronson Hsieh Leaves Evergreen to Head Yang Ming
Evergreen Group vice chairman Bronson Hsieh has been appointed chairman of rival Taiwan carrier Yang Ming Marine. Yang Ming Marine Transport, the nation’s second-largest container shipper in terms of fleet size, approved Hsieh’s appointment, reports said. Hsieh worked at Evergreen Group for more than 40 years before stepping down from his position earlier this year. Hsieh replaces Frank Lu, who has served as chairman of the shipping line since 2003. Hsieh lost his role at Evergreen in March during a succession battle between the two sons of the late chairman of the Taiwanese company, Chung Yung-fa. Yang Ming Marine Transport reported a net loss of NT$7.72 billion (US$239.6) last year, or NT$2.24 in losses per share, with total sales of NT$127.56 billion.
Thailand: Yang Ming, Regional Container Lines Pact On
Yang Ming Marine Transport Corp. (YM) inked a partnership agreement with Thailand’s Regional Container Lines (RCL) Group aimed at pooling the companies’ resources to weather a persisting downturn in the sector, according to a report in Taipei Times. The agreement is expected to improve vessel utilization, reduce operating costs and expand coverage. The companies announced plans to expand bilateral cooperation on terminal operations in Taiwan and Thailand, slot exchange and vessel chartering services, as well as laden trucking and equipment interchange contracts. Due to slowing growth in developed markets, the companies are hoping to further tap the Asian market, where growth has been more resilient.
ASF Welcomes Certification of Indian Ship Recycling Yards
The Asian Shipowners’ Forum (ASF) warmly welcomes the tremendous effort made by ship recyclers in Alang, India that have recently received Statements of Compliance (SoC) with the Hong Kong Convention from ClassNK, one of the world’s leading classification societies. The ASF consists of eight shipowner associations in Asia Pacific, i.e. Australia, China, Hong Kong, India, Japan, Korea, Chinese Taipei and the Federation of ASEAN Shipowner Associations (FASA). countries. of sustainable ship recycling capacity with environmentally sound and safe ship recycling manner. Responding to this latest development, Dr Frank Lu, Chairman of the Ship Recycling Committee of the ASF…
ASF Reports Ship Recycling Facilities Improvements in Alang
The Asian Shipowners’ Forum (ASF) visited ship recycling yards in Alang, India this week and took the opportunity to hold dialogue with SRIA, following the first meeting in March this year in Singapore, to exchange views on future actions to be jointly implemented. Purpose of this visit was to get the first-hand look at current status of Indian ship recycling facilities and to confirm actions that should be taken next for achieving green ship recycling. Throughout the visit, the ASF was convinced that advanced recyclers, some of which had recently obtained Hong Kong Convention Statements of Compliance issued by ClassNK, operated their services with close attention given to ensure the safety of workers and environmental protection in accordance with the Hong Kong Convention.
Yang Ming Makes Exec Changes
Taiwan's second largest shipping firm, Yang Ming Marine Transport Corp. said its board decided to let chairman T.H. Chen serve concurrently as company president. The board appointed former president Frank Lu to be the firm's chief adviser, Yang Ming said in a statement. Lu left Yang Ming to be chairman of Taiwan Navigation Co., it said. The two shipping firms were formerly state-owned companies and were privatized in recent years.
