Port of Tacoma Celebrate Opening of Olympic Container Terminal
The Port of Tacoma celebrated its third major container terminal grand opening of 2005. For officials of Taiwan-based Yang Ming Marine Transport Corporation, the Port and more than 200 guests, the event was highlighted by a traditional Lion Dance, meant to bestow good fortune at the new Olympic Container Terminal. The newly renovated, 54-acre (21.6-hectare) Olympic Container Terminal (OCT) is located on the Port's deep-water Sitcum Waterway, adjacent to the on-dock North Intermodal Yard and just a few miles from Interstate 5 and other major highways. "As the gateway to the Pacific Northwest, the Port of Tacoma is ideal for Yang Ming Line," said Spring C.C. Wu, President of Yang Ming (America) Corporation.
Danaos Corp. Cancels Three Newbuildings
Danaos Corporation (NYSE: DAC) announced that it has entered into an agreement with Hanjin Heavy Industries & Construction Co. Ltd. to cancel three 6,500 TEU newbuilding containerships, initially expected to be delivered in the first half of 2012. The agreement has been reached with the consent of Yang Ming Line who was the charterer of these vessels. Danaos is building another six large containerships with Hanjin Heavy Industries and Construction Co. Ltd. all of which are fully funded by already committed loan facilities from various commercial banks. The cancellation forms part of an overall plan to address the total capex funding needs.
LISCR Recognizes Liberian Registry Initiatives
The advisory board of the Liberian International Ship & Corporate Registry applauds the initiatives taken by the Liberian Registry in connection with improving security in the international shipping industry. security. The board is led by Rex Harrington, General Maritime Corporation. The other members are Yukio Aso, Sanko Steamship; Ulf Bertheau, of Cyrus Makowski; Harry Gilbert, Wallem Group; Huang Shao Jie, Hong Kong Ming Wah Shipping; David C H Liu, Yang Ming Line, and Robert D Somerville, American Bureau of Shipping. Rex Harrington said, "The registry has given an important lead to the industry. Security (ISPS) Code. onboard verification surveys/audits as mandated by the ISPS Code. security preparedness and capability. well as a model ship security plan template. troubled times.
Kuang Ming Shipping selects AMOS
Hong Kong based SpecTec Asia Pacific East Ltd has entered into an agreement to supply SpecTec AMOS software and related services to Kuang Ming Shipping Corp. head office and its 14 bulk cargo ships. Kuang Ming Shipping Corp. was established in May 1990 in Taiwan. In the beginning, the Company acted as the booking agent to handle the import and export of container shipments for Yang Ming Line in Taiwan. In November 1999, the Company bought two container ships to launch the Intra-Asia liner service.
Five Shipping Lines Agree to Form Alliance
Through its U.S. General Agent, Solar International Shipping, Yang Ming Line announced that five major Asian steamship lines have agreed to form one of the largest cooperative international sea container transport efforts among steamship lines. The new alliance for a cooperative worldwide network will consist of: COSCO Container Lines Ltd., Kawasaki Kisen Kaisha, Ltd. (K-Line), Yang Ming Marine Transport, Hanjin Shipping Co., Ltd., and Senator Lines GmbH. Management for the group agree that the only way to provide the best possible service to customers in the container shipping industry is by means of optimization of each carrier?s assets and rationalization of their serivces on a global basis.
Virginia Port Update on Handling of Hanjin, CKYHE Cargo
In light of the recent bankruptcy filing by Hanjin Shipping, The Port of Virginia has updated its policies and processes regarding the movement and loading of Hanjin vessels and containers. The following policy is effective as of Sept. Line onto a Hanjin vessel. Line vessels. These restrictions were requested by Cosco Container Lines, "K" Line, Yang Ming Line and Evergreen Line, which with Hanjin, compose the CKYHE shipping alliance. After careful consideration, the port agreed today to comply with the request. Beginning Aug.
Yang Ming Announces Subsidiary in Thailand
Yang Ming Marine Transport Corporation will establish a subsidiary in Thailand - Yang Ming Line (Thailand) Co., Ltd. The new company will provide all services starting 1st January 2018. Mr. Derek Chen is officially appointed as its President. Thailand is located in a strategical position in the middle of Southeast Asia with strong links to neighboring countries, whose economy has been growing steadily over the years. It is expected to see more rapid expansion of the market in the near future.
Evergreen Line to Terminate a Vessel Sharing Agreement
Evergreen Line inform they have notified their vessel sharing partners NYK, Hanjin, and Yang Ming Line to terminate its Vessel Sharing Agreement (VSA) on the ANS USEC-Caucedo-Brazil service in April 2014. The last vessel to be completing a round trip voyage will be Conti Harmony 019S/N (ETA Norfolk, VA Apr/10, May/22 2014).
Warmth Brightens up La Spezia Container Terminal
Despite the grey clouds and rain that fell over the weekend in La Spezia, the YM Warmth making only her second call brought a splash of colour to the terminal when it discharged from Asia a brand new ONE container, showing off the bright new magenta livery. The ship is deployed in THE Alliance’s MD2 service and is one of a series of 14,000 teu ships operated by Yang Ming Line of Taiwan. Effective from April 1, ONE will become the new shipping line formed as a result of the merged container divisions of the big three Japanese lines, namely “K” Line, NYK and MOL.
Cavotec Wins Port Equipment Orders
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), highlighting the strength and diversity of Cavotec's portfolio. The largest of these orders is for a number of MoorMasterTM MM400E automated mooring units at the Port of Salalah in Oman, which are to be installed at one of the port's container berths.