9.2 C
Saturday, October 16, 2021
Home Most Visited Bronson Hsieh to step down from Yang Ming Marine Transport Corporation

Bronson Hsieh to step down from Yang Ming Marine Transport Corporation

Yang Ming, Taiwan’s second-largest liner operator, has announced that its current chairman,
Bronson Hsieh will retire on 1 October, and he will be succeeded by Cheng Cheng-Mount, the current deputy minister of Taiwan's National Development Council.

Through various entities, the Taiwanese government has a stake of approximately 48% in Yang Ming. Since Yang Ming’s listing on the Taiwan Stock Exchange in 1992, Cheng is the company's first chairman to have a non-shipping background.

Hsieh, formerly vice-chairman of Evergreen Marine Corporation, was appointed Yang Ming’s chairman in 2016. Now aged 69, Hsieh is past Taiwan’s retirement age.

The chairman has been assuming more responsibilities since February 2020, when Yang Ming’s former general manager Vincent Lin was reportedly asked to resign.

Cheng holds a master’s degree in economics from the University of Wisconsin-Madison and prior to entering politics, was a research fellow with Taiwan Institute of Economic Research, chief economist at Citibank Taiwan, as well as president of Academy of Banking and Finance and then the Agricultural Bank of Taiwan.

Martina Li
Asia Correspondent

Latest Posts

Konecranes reach stacker arrives at the most southern port of the world

Dirección Provincial de Puertos – Argentina (DPP) has recently accepted delivery of a Konecranes Liftace reach stacker for their operations in Ushuaia, at the...

Unblocking the paper-jam

When Malcolm McLean laid the foundations for what’s now become the global containerisation phenomenon, his vision was for standardisation across the entire supply chain....

Port of Helsinki sees decreased turnover amid stable box traffic in 2021

The Port of Helsinki has recorded high levels of cargo traffic, during the first nine months of the year, mainly driven by exports, with...

APM Terminals Pipavav connects to the Western Dedicated Freight Corridor

APM Terminals Pipapav is the first Indian Port to connect to the Western Dedicated Freight Corridor (DFC) with a 269km railway, following the completion...

Maersk and Danish Crown partner on global end-to-end logistics

A.P. Moller - Maersk has entered into a three-year agreement with the food manufacturer Danish Crown for end-to-end logistics globally. The deal is effective from...