Report: Yang Ming Quashes Merger Talks

Yang MingIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

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>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 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 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >