Transpac container service closures mount
As spot freight rates on the transpacific trade continue to weaken, the number of service ...
© Enrico Powell |
Yang Ming’s conservative containership fleet expansion has seen the Taiwanese operator slip down the liner ranks.
In 2020, at the start of the Covid-fuelled boom, Yang Ming was the eighth-largest box line. Now it is overshadowed by peers that embarked on aggressive programmes of newbuilding orders and second-hand buys, and is ranked 10th.
Yang Ming took its time to order new ships, a process observers blamed on bureaucratic decision-making, as the Taiwanese state has a significant stake in the company. Taiwan’s Ministry ...
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