Report: Yang Ming Quashes Merger Talks

Hanjin, Hyundai and Yang Ming Launch Asia-Latin America ServiceImage Courtesy: Yang Ming

Taiwanese ocean carrier Yang Ming Marine Transport has dismissed any possibility of a potential merger as the company believes that the industry will start to recover from a downturn triggered by global overcapacity in 2017, Reuters cited the company’s chairman Bronson Hsieh as saying.

Yang Ming, one of the top ten shipping companies in the world, has never considered merger options and it never will, Hsieh said.

He also said that the past decade has shown that smaller industry players do not necessarily have to merge, adding that over the period, smaller shippers were the ones recording highest profit margins.

In Japan, the country’s top three carriers have announced the merger of their container shipping operations which would lead to the creation of the sixth largest containership fleet in the world.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

2ND ANNUAL PORTS AND TERMINALS INSURANCE SEMINAR

DETAILED GUIDANCE ON HOW THE INSURANCE MARKET IS CHANGING, HOW RISKS ARE ASSESSED AND WHAT…

read more >

9th Annual: UK Ports Conference 2017

The UK Ports Conference returns for the ninth year to provide the latest insights for the ports, shipping and maritime sectors, reviewing…

read more >

Posidonia Sea Tourism Forum 2017

The 2017 Posidonia Sea Tourism Forum will provide a unique platform to evaluate new investment opportunities and meet the leaders…

read more >

BARI-SHIP2017

At Bari-Ship you will meet not only the owners and leaders of these companies, but also the entire spectrum of managerial, operational and production staff…

read more >