12.8 C
Hamburg
Saturday, June 7, 2025
Home Most Visited - Newsletter Yang Ming inaugurates Malaysian container depot

Yang Ming inaugurates Malaysian container depot

Yang Ming has co-operated with the Taiwan Foundation International and Malaysian investors to set up a joint venture depot company named Jambatan Merah Formosa Depot Sdn. Bhd at Port Klang, Malaysia.

The opening ceremony of the new company, which will provide an inland empty container depot and container maintenance and repair services, was held on 1 October.

Port Klang is the main port of call in Malaysia for the Taiwanese carrier, which has set up wholly-owned subsidiaries in the country to position itself in the local transport and logistics market.

The Keelung-based shipping firm considers Malaysia as one of the largest economies in ASEAN, as its gross domestic product (GDP) sees a continuing uptrend in the last years, according to International Monetary Fund (IMF). In particular, the country’s GDP is projected to grow 6.3% in 2021.

The setup of Jambatan Merah Formosa Depot Sdn. Bhd, coupled with Yang Ming’s flexible service deployment and co-operative partners’ strengths, “will enable the company to further integrate midstream and downstream businesses, and enjoy the advantage of cost reduction and profitability increase,” according to YM’s announcement.

This new investment in the Southeast Asian market follows the setup of a joint venture depot company named PT. Formosa Sejati Logistics in Surabaya, Indonesia in 2018. Yang Ming said it will continue to look for cross-sector collaboration opportunities to enhance its competitiveness and service quality in the region.





Latest Posts

Port of Long Beach appoints new managing director of engineering services

The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...

DP World and J.P. Morgan launch partnership

DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...

Red Sea shipping traffic rebounds as Houthis limit targets

Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...

CMA CGM applies new surcharge from Far East to West Africa

French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...

China to counterbalance Panama setback through South America projects

As geopolitical tensions deepen and shipping lanes become politicized battlegrounds, China is recalibrating its approach to the Western Hemisphere. The recent retreat of CK Hutchison...
error: Content is protected !!