Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.
16 Nov 2016
Just days after Taiwan’s leading container lines reported tumbling revenue and profit, the Taiwanese government said it will provide billions of dollars in financial support.
15 Nov 2016
Profits for the January through September period at Evergreen and Yang Ming have fallen sharply compared with the first nine months of last year.
03 Nov 2016
Yang Ming Line Chairman Bronson Hsieh has dismissed market speculation that his Taiwan line could merge with Evergreen Marine.
17 Aug 2016
Taiwan’s Wan Hai Lines is the latest intra-Asia specialist to report profit and revenue declines in the first half.
23 Jun 2016
Evergreen veteran takes over as Yang Ming's new chairman.
22 Feb 2016
Evergreen Group will have no chairman following the death of company founder Chang Yung-fa but will appoint senior executives for each of the company’s subsidiaries, according to published reports in Taiwan.
20 Jan 2016
Yung-Fa Chang, who founded Evergreen Group with a second-hand freighter and built the Taiwan-based company into a global ocean, air and land transportation and business conglomerate, died Jan. 20 in Taipei. He was 88.
30 Dec 2015
China Airlines, Yang Ming Line and Chungwa Post, Taiwan’s national postal service will cooperate on sea and air freight services to better compete in the booming e-commerce market in Asia.
10 Dec 2015
Up to four container terminal operators could be handed contracts to manage and operate terminals at the new Kaohsiung 7th Container Terminal currently under development in Taiwan.
26 Nov 2015
The sharp decline in net income of Taiwan’s top three carriers through the course of the last three quarters gives a clear picture of the container shipping industry’s rapidly deteriorating operating environment.