rss icon Subscribe
desktop mobile

Yang Ming Establishes Indonesia Subsidiary

Pic: Yang Ming

Shailaja A. Lakshmi

Taiwanese shipping company Yang Ming Marine Transport Corp. will form a new subsidiary with partners in Jakarta Indonesia named PT Yang Ming Shipping Indonesia Today (16th May 2019).

PT Yang Ming Shipping Indonesia will have branch offices at Surabaya, Panjang, and Palembang. The company has nominated Benson Chou as President Director for the first term.

"Prompted by the rapid economic growth in Southeast Asia, global carriers begin to strengthen their regional services to meet the growing market demand. Among ASEAN countries, Indonesia has the largest economy," a press release explained.

Given its strategic location and great potential volume growth, Yang Ming has upgraded its Indonesian service network by deploying larger vessels and increasing service frequencies.

With the establishment of PT Yang Ming Shipping Indonesia, Yang Ming is confident of serving its worldwide clients with a more comprehensive and intensive shipping network by integrating business in surrounding areas and reinforcing the local operations for import, export and transship cargoes in Indonesia.

In order to keep providing high-quality services in Indonesia, Yang Ming has a total of 6 services in the country, three self-owned services CTI, TSE and SE5 and three joint services SS1, SSX, and TPI via exchange slots with partners.

Yang Ming's services cover a selection of 4 major ports in Indonesia - Jakarta, Surabaya, Semarang and Belawan. Furthermore, there are various transit options at Singapore and Port Klang for local customers to arrange their shipments to connect Yang Ming's long-haul services.

May 15, 2019

 

People & Company News

Dynagas LNG Secures $675Mln Loan

Pic: Dynagas LNG Partners LP

Dynagas LNG Partners LP, an international owner and operator of liquefied natural gas (LNG)

US Fines HHI $47Mln Over Dirty Engines

Pic: Hyundai Heavy Industries

US authorities announced that South Korea's top shipbuilding conglomerate Hyundai Heavy Industries

Global Ship Lease Bags Refinancing Deal

Pic: Global Ship Lease

Global Ship Lease (GSL), UK-based holding company and containership charter owner

Container Ships

Global Ship Lease Bags Refinancing Deal

Global Ship Lease (GSL), UK-based holding company and containership charter owner, has now settled a five-year refinancing of its debt.According to the container ship owner

Cosco Names New CEO for OOIL

Wang Haimin. Photo: COSCO Shipping Corporation

Cosco-owned  Hong Kong containerline  Orient Overseas (International) Limited (OOIL)  said its

MPC Joins Trident Alliance

Image: MPC Container Ships

Norwegian shipowner MPC Container Ships (MPCC) as become the latest member of Trident Alliance

Maritime Apps