Higher costs have weighed on results, slightly offsetting the positive impact of stronger volumes. Still, a key CEO offered an encouraging evaluation regarding the second half of 2018.
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Yang Ming Line
Yang Ming Marine Transportation Corp. is a global shipping and logistics services company. Founded in Taiwan in 1972, Yang Ming now operates more than 90 container vessels with a combined capacity of more than 388,000 TEUs (20-foot-equivalent units).
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May 17, 2018 4:00PM EDT
29 Mar 2018
After six years of losses, the container shipping industry ended 2017 with a profit of about $7 billion. Financial reports of the 13 carriers do show improvement but do not yet reflect a full recovery — a recovery that should continue in 2018, given the strengthening global economy, unless political issues intervene.
26 Mar 2018
Taiwan's Yang Ming has completed a profitable 2017 on the back of a stronger container market and a recapitalization plan.
08 Dec 2017
The capital injection from 257.7 million new common stock shares, at 10.18 New Taiwan dollar per share (about $0.34) is the third stage in the company’s recapitalization effort.
27 Nov 2017
The cash infusion surpassed the company’s initial goal of raising $165 million.
15 Nov 2017
Yang Ming and HMM have said it is too early to confirm whether mega-ships will be included on their order books.
09 Nov 2017
Yang Ming reports a third-quarter profit on higher volume and freight rates, after 10 loss-making quarters.
14 Sep 2017
US maritime regulators on Thursday voted to allow ocean carrier members of THE Alliance to form an emergency fund.
11 Aug 2017
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.
22 Jun 2017
The Taiwanese carrier announced the recapitalization plan in late 2016.
11 May 2017
Yang Ming’s report of improving financial conditions comes a week after shares resumed trading on the Taiwan Stock Exchange on May 4.
04 May 2017
Yang Ming Marine Transport Corp, stock code 2609, is trading again on the Taiwan Stock Exchange after a two-week suspension.
26 Apr 2017
Trading in Yang Ming stock on the Taiwan Stock Exchange was suspended last week.
25 Apr 2017
Yang Ming has managed to beat the market on the trans-Pacific eastbound in the first quarter as the carrier tries to restore shipper confidence following its recent share trading suspension.
21 Apr 2017
Shipper concerns over the financial viability of the carriers they use has heightened after Hanjn Shipping collapsed last year.
29 Mar 2017
The report of deep losses comes as the Taiwanese government pressures the carrier to reform or face a considerable shakeup.
09 Mar 2017
THE Alliance on Thursday released details on its 32 joint services.
08 Mar 2017
The new alliances begin operations on April 1, but an analysis of the networks reveals a surprising cut in the number of direct port-to-port connections.
22 Jan 2017
Taiwanese carrier Yang Ming Line tells customers of plans to improve its liquidity and stem the tide of losses.
14 Dec 2016
The fight between the three major shipping alliances on US trades officially starts in April.
06 Dec 2016
The original language would have expanded the antitrust immunity of container shipping alliances.
29 Nov 2016
US Federal Maritime Commission member William Doyle said the FMC should be “very cautious” about allowing container lines to use their alliances’ antitrust immunity to deal collectively with US service providers.
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.
08 Nov 2016
THE Alliance on Tuesday announced details of its network of routes and port calls.
03 Nov 2016
Yang Ming Line Chairman Bronson Hsieh has dismissed market speculation that his Taiwan line could merge with Evergreen Marine.
21 Oct 2016
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
15 Sep 2016
The Busan Port Authority will offer discounts to CKYE Alliance members in a bid to keep Busan’s cranes busy.
14 Sep 2016
Hanjin Shipping’s collapse has set off a rush by other container lines to add services and “extra loader” voyages.
10 Aug 2016
Three intra-Asia container liners are teaming up to link China and Vietnam through two different loops.
23 Jun 2016
Evergreen veteran takes over as Yang Ming's new chairman.
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