Yang Ming Posts Almost Doubled Loss in 2016

Taiwanese shipping company Yang Ming Transportation Corporation (Yang Ming) widened its net loss in 2016, reaching TWD 14.9 billion (USD 493 million) when compared to a net loss of TWD 7.7 billion (USD 258 million) seen in 2015.

Yang Ming Eyes Fresh Funds, Upgrades Philippine Service

Taiwanese container shipping company Yang Ming Marine Transport Corporation (Yang Ming) is looking to raise some TWD 1.69 billion (USD 54.8 million) in an effort to strengthen its finances under the recovery plan outlined earlier in 2017.

FMC Clears THE Alliance

The US Federal Maritime Commission (FMC) has concluded its review of the proposed THE Alliance agreement, allowing it to become effective on December 19, 2016.