Taiwanese shipping veteran Bronson Hsieh said at a seminar this week that US President Donald Trump’s trade war against China will increase demand for small and mid-sized container ships as manufacturers shift supply chains to Southeast Asia and South America to circumvent tariffs.
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The diversity of services and/or products that a company can provide can help in its financial results, according to Bronson Hsieh, former chairman of Evergreen and Yang Ming, two of the major global container carriers.
Focussing on the transportation sector, Hsieh said that any shipping company which has a freight forwarding department or owns a freight forwarding subsidiary can gain profit from value-added services, such as the “one-stop service”.
In addition, he mentioned that being active in...
https://container-news.com/is-integration-strategy-a-one-way-street-for-container-carriers/
Container lines will counter excess capacity and slow demand growth by deploying multi-faceted strategies to reduce slot supply, according to the former chairman of two of the world’s leading carriers.
Bronson Hsieh, former chairman of both Evergreen and Yang Ming, told the latest episode of The Freight Buyers’ Club podcast, that carriers “know how to arrange” supply-side reductions and would do everything in their powers to “control redundant capacity”.
This will include laying up ships, mass...
Taiwanese container terminal operator China Container Terminal Corp. (CCTC) has appointed Yang Ming Marine Transport’s ex-chairman Bronson Hsieh as an independent director.
CCTC chairman Lin Hung Nien said that Hsieh’s appointment, announced at a shareholders’ meeting on 27 May, aims to tap on his expertise to expand its current terminal and container storage operations, as well as its expansion into wind power. Since Taiwan’s current president, Tsai Ing-wen, was elected in 2016, Taiwan has been...