7.6 C
London
Tuesday, February 25, 2020
Home Most Visited Yang Ming sets up subsidiary in China

Yang Ming sets up subsidiary in China

Yang Ming forms a new subsidiary with partners in Shanghai named Huan Ming (Shanghai) International Shipping Agency Co., Ltd.. The subsidiary will begin operating on 1st January, 2020. Huan Ming will act as Yang Ming’s general agent in China. With the establishment of Huan Ming, Yang Ming is confident that its image will be further strengthened and the resources in China better integrated to reasonably reduce operating costs and improve operating efficiency.

China accounts for a large share of Yang Ming’s total cargo volume. With the addition of a new member joining THE Alliance in the upcoming year, Yang Ming will be poised to significantly strengthen its service portfolio and increase its competitiveness. The new operating model can integrate the business in Southern China, which was previously overseen by Yang Ming’s subsidiary in Hong Kong, and enable the company to offer centralized management and further optimize efficiency.

Yang Ming provides several high quality services in Intra-Asia, Asia-NCP/ MED, Trans-Pacific, Asia-Australia and Asia-South America trades covering the following 10 major ports in China: Shanghai, Ningbo, Qingdao, Xingang, Dalian, Lianyungang, Xiamen, Shekou, Yantian, and Guangzhou. Huan Ming will serve all clients with a more comprehensive and intensive shipping network by reinforcing local operations for import, export and transship cargoes in China, and continue to expand the development of Yang Ming in the global market.

Huan Ming sets up 15 offices at Shanghai, Qingdao, Tianjin, Xiamen, Ningbo, Nanjing, Dalian, Fuzhou, Suzhou, Wuhan, Lianyungang, Chongqing, Shenzhen, Guangzhou, and Zhongshan.

- Advertisment -your ad here

Latest Posts

Minimal sale and purchase activity a reflection of depressed market

Macroeconomic indicators remain depressed with the International Monetary Fund revising its China GDP growth downwards by 0.4% to 5.6% for 2020 as a result...

The Daily MABUX Bunker Index – 25 February

While Coronavirus is continuing to challenge shipping worldwide, it is having an effect on global and regional indices for fuel prices that are significantly...

Rising SE Asia trade prompts Sealand’s Incheon calls

Maersk Line’s regional unit Sealand has launched two new intra-Asia services with calls at Incheon, reflecting growing container trade between the South Korean port...

Hapag-Lloyd unveils higher prices from East Asia to US & Canada

Hapag-Lloyd will implement the following general rate increase (GRI) on the eastbound trade from East Asia to all United States and Canada destinations as...

St Petersburg updates production equipment fleet

In an effort to improve the terminal's throughput capacity Container Terminal Saint-Petersburg JSC (CTSP) has deployed new handling equipment delivered at the end of...