Yang Ming

ZIM overtakes Yang Ming in global liner rankings

Israeli ocean carrier ZIM received the 15,248 TEU container ship ZIM Mount Vinson on 3 April, the last unit in the series of 10 same-size vessels built by Samsung H.I. for Seaspan.

ZIM has chartered these 10 boxships for 12 years increasing its total operated capacity to 714,800 TEUs, lifting the Haifa-based box line over Yang Ming to 9th spot in the global carrier rankings.

Source: Alphaliner

ZIM has more than doubled its size since 2020, growing by 155% over the past four years, according to...

https://container-news.com/zim-overtakes-yang-ming-in-global-liner-rankings/

Yang Ming unveils enhanced 2025 Transpacific network

Yang Ming has announced its upgraded Transpacific service network for the next year, which will commence in February 2025.

The Taiwanese ocean carrier said it will refine its Transpacific service network in response to the upcoming change within alliance membership.

The enhanced network will feature a total of 13 loops covering both Asia – US West Coast and Asia – US East Coast.

Below is Yang Ming’s Transpacific network for 2025:

Asia – US West Coast South services: 6 loops

FP1 (Far East – Pacific...

https://container-news.com/yang-ming-unveils-enhanced-2025-transpacific-network/

Major lines’ margins in negative territory for first time after five years

Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s report.

On average, these operators’ operating margins stood at -3% in the last three months of 2023, as the Covid-19-fuelled boom ended its run. Six out of the nine largest box lines reported operating losses for the last quarter of 2023.

Only Evergreen Marine Corporation and HMM have reported operating profits, albeit sharply reduced from...

https://container-news.com/major-lines-margins-in-negative-territory-for-first-time-after-five-years/

Yang Ming vessel knocks over three cranes after hitting Turkish wharf

A ship operated by Yang Ming Marine Transport slammed into a wharf in Turkey’s Evyapport on 16 March, while attempting to dock.

The 2015-built 14,000 TEU ship, YM Witness, chartered from Seaspan Corporation, reportedly knocked down three container cranes in the accident.

YM Witness, assigned to Yang Ming’s MD3 Asia-Mediterranean service, had arrived from another Turkish port, Ambarli, had a pilot on board and was trying to berth around 3.45pm local time when the accident happened.

Video footage...

https://container-news.com/yang-ming-vessel-knocks-over-three-cranes-after-hitting-turkish-wharf/

Yang Ming adopts sustainable biofuel to its fleet

In response to the 2050 net-zero emissions target, Yang Ming Marine Transport Corp. is taking a significant step by integrating sustainable biofuel into its fleet, starting at Hong Kong and Singapore on 7 and 8 March.

Alongside optimizing energy efficiency in fleet management and adopting green energy in its land-based facilities, the company is committing to incorporating biofuel into its annual fuel consumption.

Through the utilization of certified biofuel, Yang Ming aims to achieve a...

https://container-news.com/yang-ming-adopts-sustainable-biofuel-to-its-fleet/

Yang Ming marginally profitable in 2023

Yang Ming Marine Transport Corporation achieved consolidated revenues of US$4.51 billion and after-tax profits of US$153.26 million.

“Amidst inflation and economic growth slowdown in 2023, the overall freight levels of container shipping declined compared to 2022, which led to a reduction in Yang Ming’s annual revenues. In the latter half of the year, during the challenges of the Red Sea crisis, ongoing geopolitical conflicts, and Panama Canal drought restrictions, Yang Ming’s primary strategy...

https://container-news.com/yang-ming-marginally-profitable-in-2023/

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