Yang Ming expects higher transpacific annual contract rates this year
Taiwanese mainline operator Yang Ming has said that surging bunker prices will be in its ...
© Philippilosian
Residents along Australia’s New South Wales coast woke up to find car parts, clocks and nappies (among other things) scattered across their beaches after the Yang Ming Efficiency lost more than 80 containers overboard on Sunday. The New Daily reports that the Liberian-registered ship, bound for Port Botany, lost the containers after being struck by high winds. Some containers have sunk, others floated and, as this video shows, some were left badly damaged on the ship itself. ABC News reported that the ship would be brought into dock at Port Botany today. Given the time difference, this has likely happened by now.
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