1.9 C
Wednesday, January 27, 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

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Maersk Essen drone footage reveals damage

Drone footage from claims consultancy WK Webster of the Maersk Essen as it arrived in APM Terminal’s Port of Lázaro Cárdenas, Mexico, shows the...

Lines are holding world trade hostage say shippers

Shipper representatives who met with the European Commission (EC) last week have said that the shipping lines are “holding world trade hostage” as the...

Guangzhou Wenchong awarded CU and Cosmo feedermax orders

Guangzhou Wenchong Shipyard has won a total of four feedermax ship orders, from China United Lines (CU Lines) and Greek tonnage provider Cosmoship. CU Lines...

COSCO seals collaboration with Midea Group

COSCO Shipping Lines (COSCON) has signed an agreement with compatriot electronics and technology manufacturer Midea Group, pledging to work together on container transportation, digitalisation,...

CMA CGM applies new rates and surcharges

In addition to the updated prices from the Red Sea, Middle East Gulf and Pakistan to the Mediterranean and North Europe, CMA CGM will...