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.
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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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.
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