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Friday, September 25, 2020
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Tag: Yang MIng

Rate levels not costs key to mitigating carrier 2020 losses as lines cancel more services

Maintaining freight rate levels is key to maintaining carrier profits in this crisis hit year that has seen shipping lines slash services, managing capacity...

Taipei distributes shipping industry loans

Taiwan’s Ministry of Transportation and Communications announced on 2 June that it has disbursed loans of TW$16.5 billion (US$550 million) to the shipping industry...

Express customs clearance warehouse opens at Taipei port

Taipei Port Container Terminal Corporation (TPCT), a joint venture between Evergreen Marine Corporation, Yang Ming Marine Transport and Wan Hai Lines, has launched an...

Singaporean state investment firm Temasek mum on PIL bailout

The Singapore government’s investment company Temasek Holdings is remaining tight-lipped on market talk that it may take a stake in embattled liner operator Pacific...

Updated: Feeling for the bottom of the recession

According to the Danish consultancy Sea-Intelligence the level of blank sailings has reached a “plateau” although there are now more than 500 cancellations in...

Yang Ming christens two newbuildings in Taiwan

Yang Ming held the naming ceremony for two of its 2,800 TEU class full container vessels, YM Celebrity and YM Continent at CSBC’s Kaohsiung...

Yang Ming constructs new smart container vessels

Yang Ming has unveiled that its ten 2,800TEU container vessels, currently being constructed by CSBC, will receive Smart Ship notations from international classification societies. Starting...

Covid-19 and Lunar New Year destroy YM Q1 expectations

Yang Ming has seen weaker container business earnings in the first quarter than was expected due to the impact of Covid-19 crisis and Lunar...

Updated: Maersk’s Skou hits out at “unacceptable” state aid for lines

Container shipping lines, such as HMM and Yang Ming Line, that receive state aid from there are gaining an unfair advantage over their competitors...

YM denies claims that Enlightenment crew had no protective masks

Yang Ming Marine Transport has refuted suggestions that the Taiwanese liner operator did not sufficiently stock one of its container ships with face masks...
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Hapag-Lloyd invests in LNG retrofit

German vessel operator Hapag-Lloyd is converting a former UASC ship, the 15,000TEU Sajir, to operate on LNG fuel. Hapag-Lloyd said that using LNG compared to...

Lines argue FMC has no jurisdiction in chassis dispute

The world’s biggest shipping lines have filed a motion to dismiss a US$1.8 billion complaint about equipment use in the US on the grounds...

DP World Australia expects to resolve dockers dispute

Dock workers in Port Botany, Sydney Australia, are expected to reach a negotiated agreement to their dispute with DP World Australia (DPWA) following a...

“Abraham Accords” leads to market buoyancy in Middle East

Maersk Line, the world's largest container shipping carrier, will start to ship boxes between Israel and United Arab Emirates (UAE), as the two countries...