• 2018 November 12 15:04

    Yang Ming reports its financial results for 2018 Q3

    Yang Ming Marine Transport Corporation (Yang Ming) held its 334th Board Meeting on November 12th, 2018 to approve its Q3 financial report of 2018.

    The company posted its 3rd quarter consolidated revenues of NTD 38.72 billion (USD 1.29 billion), a growth of 15.23% compared with revenue from the previous quarter. Volumes in 2018 Q3 increased by 9.19% to 1.41 million TEUs compared with the 2nd quarter. Yang Ming’s net loss after tax for Q3 was NTD 0.91 billion (USD 30 million), a reduction of 76.16% compared to last quarter. The year-to-date consolidated revenues increased by 4.12%, year-over-year, to NTD 103.35 billion (USD 3.45 billion), a volume increase of 11.35%, year-over-year, to 3.92 million TEUs. The net loss after tax for the first three quarters was NTD 6.67 billion (USD 220 million).

    An unfavorable supply-demand balance with weakening freight rates and escalating bunker prices, which rose 28.38% in the first 9 months year over year, contributed more than NTD 4 billion(USD 134 million) to carriers’ operating costs. Anticipated for the next quarter, the escalating trade war is likely to accelerate Chinese exports to the U.S. and, therefore freight rates and loading factors should improve for the Transpacific sector. In the Asia Europe sector, Yang Ming also expects to see improving rates and volumes as factories resume production following the October China Golden week. Considering these factors, Yang Ming’s outlook for Q4 is optimistic. Going forward into next year, Alphaliner’s latest projection predicts an increase of 4.3% in global throughput which will exceed forecasted capacity growth of 3.9%.

    Responding to many uncertainties faced by global shipping throughout 2018, Yang Ming has made adjustments to strengthen its strategies. Taking advantage of opportunities in the fast-growing economies in Southeast Asia, the company will optimize its Intra-Asia service network. Concurrently, Yang Ming’s subsidiary, YES Logistics Corp., established joint ventures in Vietnam and Indonesia earlier this year to better integrate its logistics supply chain in the region, while Yang Ming continues to cooperate with other transportation related enterprises to seize upon investment opportunities in the ASEAN countries.

    Partnering with Taiwan International Ports Corporation, Ltd. (TIPC) and Indonesian investors, Yang Ming established a depot in Surabaya, Indonesia under the joint venture, P T. FORMOSA SEJATI LOGISTICS, in May 2018. Yang Ming also collaborated with TIPC and other transportation enterprises such as T.S. Lines Co., Ltd., Taiwan Navigation Co., Ltd. and Chunghwa Post Co., Ltd., to establish Taiwan Foundation International Pte. Ltd., a joint venture holding company intended to deepen and extend into the Southeast Asia market. Through these cooperatives, Yang Ming endeavors to improve its cost structure, maximize investment revenue and profits, and effectively navigate the continuing challenges and risks facing the shipping industry.

    Updating on fleet deployment, Yang Ming will introduce four 14,000 TEU chartered vessels to optimize its fleet in the improving market while returning seven higher-cost chartered vessels in 2019. Finally, Yang Ming’s application of innovative technologies such as Blockchain and Chatbot is expected to yield more convenient and efficient quality service.




2019 February 21

18:33 AML’s MVP200 selected for new Swedish “RV Svea”
18:16 ​Shearwater GeoServices and TGS partner for major Brazil survey
18:03 NYK selected as a White 500 company for third consecutive year
17:55 Rosmorport to dredge 12.1 million cbm of material in 2019
17:34 Boskalis expands market position in marine survey through acquisition Horizon
17:29 GE to supply LM2500 gas turbine auxiliary equipment for Indian Navy’s P17A frigates
17:11 Hydrographic Company to get 15 new vessels by 2024
17:05 Rotterdam port innovation programme PortXL participants announced
17:03 H.H. Sheikh Theyab updated on ADNOC L&S strategy to become a global shipping champion
16:14 SCHOTTEL presents new shallow-water thruster SPJ 30 up to 150 kW
15:35 Forth Ports Group receives planning consent for new terminal at the Port of Tilbury
15:16 Algoma announces the Algoma Conveyor is headed for Canada
14:32 A.P. Moller - Maersk accelerates transformation and grows revenue in 2018
14:11 Teekay Tankers reports fourth quarter and annual 2018 results
13:46 Santos posts it 2018 net profit of $630 million
13:15 Gazprom Neft demonstrates solid growth across all key financial indicators in 2018
13:13 A.P. Moller - Maersk initiates demerger and separate listing of Maersk Drilling
12:49 ESPS Relampago’s crew carried out maritime training exercises with the Seychelles Coastguard
11:57 First meeting of Eastern Partnership LNG Network takes place in Warsaw
11:28 42 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 20-21
11:03 The UK publishes draft UK MRV legislation following Brexit
10:39 Taganrog Sea Commercial Port spent USD 60,500 under its social programme in 2018
10:16 IMO treaties ratified by Guyana
09:54 Allocations of Taganrog Sea Commercial Port for its environmental programme in 2018 totaled USD 96,400
09:31 Brent Crude futures price is up 0.18% to $67.2, Light Sweet Crude – up 0.51% to $57.45
09:15 Baltic Dry Index is down to 622 points

2019 February 20

18:13 Klaipėdos nafta carried out the 10th operation of reloading LNG from a gas carrier to ground storage tanks
17:52 VNIIR-Progress St. Petersburg supplies electrical equipment for Atomflot icebreaker
17:28 Documents on concession model for Taman dry cargo area project to be submitted to RF Govt in March 2019
17:04 Cammell Laird stages ‘float-off’ for new £10m ferry for Red Funnel
16:46 VTMS, AIS and Pilotage Service on the Northern Sea Route to remain under Rosmorport’s control
16:25 NOVATEK eyes arranging LNG bunkering in Sabetta
16:04 Maersk enhances Asia-Europe network to further improve schedule reliability
15:43 Decision made on transfer of FSUE Hydrographic Company to Rosatom Corporation
15:21 Euronav sells LR1 Genmar Сompatriot
14:54 SIA Extron Baltic receives award for rapid growth in the Port of Riga
14:30 NOVATEK announces consolidated IFRS results for year ended 31 December 2018
14:02 COSCO SHIPPING Lines and Bolloré Transport & Logistics sign a MoU to develop new synergies
13:39 ABP partners with Grimsby-based Maritime Academy
13:15 Toll unveils new Australian ship
12:48 Increasing numbers of cruise ships making their maiden calls to Southampton
12:22 Transport Week 2019 welcomes Kalmar among its sponsors
12:01 First diesel-electric Damen Shoalbuster 3514 DP2, IMO Tier 3 ordered by Herman Sr
11:50 20 vessels escorted by icebreakers in eastern part of Gulf of Finland during 24 hours on February 19-20
11:33 DP World acquires leading European transportation and logistics provider P&O Ferries
11:09 Port of Oakland to get three new cranes
10:47 Brent Crude futures price is down 0.3% to $66.25, Light Sweet Crude – down 0.02% to $56.44
10:35 2nd Hydraulic Engineering Structures and Dredging Congress kicks off in Moscow
10:18 Baltic Dry Index is down to 635 points
10:00 IMO Secretary-General urges all aboard for GHG reduction
09:34 Baltiysky Zavod completed shaping ice belt of nuclear-powered icebreaker Ural of Project 22220
09:25 Keppel delivers jackup rig to Grupo R on sale and leaseback deal
09:15 FESCO new vessel starts working on a regular service among the ports of China and Far East of Russia

2019 February 19

18:03 San Vicente Terminal Internacional receives two state-of-the-art cranes to enhance operations
17:50 Throughput of port Kavkaz in Jan’2019 fell by 8% Y-o-Y to 1.82 million tonnes
17:26 Moody´s upgrades Hapag-Lloyd credit rating to B1
17:03 Jan De Nul's PDC and Bangladesh PPA to pick engineer services provider for Payra dredging project
16:29 TMA Logistics, CTU and VCL join forces to establish Amsterdam-Utrecht-Rotterdam-Corridor
16:21 NIBULON shipbuilders finish constructing a series of POSS-115 Project tugs
16:03 MOL conducts underwater drone demonstration test for vessel bottom inspection