New alliance formation intensifies battle between major lines
SINGAPORE : With the container shipping alliance landscape expected to change in less than five months, it is worth examining the current dynamics of the alliances and how
Shipping market conditions boost Yang Ming’s first Quarter results
KEELUNG CITY : Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial report of 2024. The consolidated
Maersk charters ships from ONE and Yang Ming due to “insufficient” fleet
COPENHAGEN : Maersk Line, which had not been as aggressive as its rivals in ordering newbuildings, is now finding itself short of Neo-Panamax ships as more vessels are rerouted
THE Alliance announces updated service network for 2024
SINGAPORE : THE Alliance, including Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has reconfigured its service network setup. The updated services will be effective from April
THE Alliance revises Transpacific – North West Coast network
SINGAPORE : THE Alliance, including Hapag-Lloyd, Yang Ming, ONE and HMM, will make changes to Asia to Transpacific-North West Coast network by temporarily suspending the PN3 Service and
Yang Ming’s first quarter profit exceeds US$110 million
TAIWAN : Yang Ming reported first quarter revenues of US$1.22 billion and net profit of US$112 million with earnings per share (EPS) of NT$0.97. According to the Taiwanese
Leading container lines show improved schedule reliability
COPENHAGEN : Danish maritime data analysis company Sea-Intelligence showed schedule reliability data through March 2023 in its latest report. March 2023 saw a further month-to-month gain in global
Yang Ming achieves record annual revenues and profits
KEELUNG : Yang Ming Marine Transport Corporation marked new records in its annual revenues and profits in 2022 with the Taiwanese ocean carrier reporting consolidated revenues of US$12.61
Four Asian shipping lines are reporting steep revenue declines
SINGAPORE : New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter and ongoing market erosion in the
Yang Ming boss : Newbuildings needed, but no rush
TAIWAN : Yang Ming Marine Transport will eventually order newbuildings, but this should not be rushed, according to the company’s Chairman Cheng Cheng-Mount. On 10 November, Cheng spoke