Yang Ming outsources U.S. paperwork

Yang Ming outsources U.S. paperwork

Yang Ming Marine Transport Corp. said it plans to move its documentation center from the United States to Taiwan to reduce operating costs. The carrier is the latest in a series of major container-shipping lines that have moved documentation work to cheaper locations outside the U.S.

The Taiwan-based company said it has bought a new building in Taipei to house its Taipei business department and its Yes Logistics Corp. subsidiary. The company said it bought the building because it believes real-estate prices in Taiwan have bottomed out and are expected to rebound soon.