• 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.




2018 December 17

11:42 Milaha unveils large plans to upgrade its shipyard in Mesaieed
11:01 IBIA welcomes decision by IMO’s MSC to add new item to its agenda to address concerns about fuel safety
10:43 SENER to design passenger vessel for Tanzanian ferry operator
10:17 Brent Crude futures price down 0.02% to $60.27, Light Sweet Crude – up 0.21% to $51.58
09:58 Port of Singapore throughput in 11M’18 grew by 0.4% Y-o-Y to 575.44 million tonnes
09:40 Floating regasification plant “Marshal Vasilevsky” arrives in Kaliningrad
09:15 Baltic Dry Index is up to 1,401 points

2018 December 16

16:09 Navios Acquisition completes acquisition of Navios Midstream
15:23 Thun Tankers names environmentally adapted tanker Thun Evolve
13:21 Traxens trials IoT network in port environment for first time, at MSC Terminal Valencia
12:32 Executives must watch both sea and air amid trade war tensions, warns Xeneta
10:55 CMA CGM announces FAK rates from ISC to North Europe and the Mediterranean
10:11 PGNiG receives third spot delivery of US-sourced LNG at Świnoujście

2018 December 15

16:23 MOL Passenger Line receives award for outstanding performance in 'Cruise of the Year 2018'
14:53 CMA CGM to implement GRR for India East Coast-West Africa trade
13:51 CMA CGM announces LSS on services from / to China, Hong Kong and Taiwan
12:44 NYK Cruises receives Grand Prix Award for 2018 World Cruise
11:27 TT-Line places order for RoPax "green" ferry with China's Jiangsu Jinling Shipyard

2018 December 14

18:17 Hapag-Lloyd to increase rates from East Asia to Mexico, Central America, West Coast of South America, Caribbean & Panama
17:48 Petersburg Oil Terminal puts into operation its emergency response team
17:33 Vinalines to open container shipping centre next week
17:30 Fairway adjustment will simplify Elbe traffic control already next year
17:27 Final cruise ship for the year calls to the Port of Gothenburg
17:23 The MV Magda joins the Klaveness Bulkhandling pool
17:16 India’s containerised export up 10% in the third quarter of 2018
17:13 FSL Trust announces newbuilding agreement for the construction of two LR2 product tankers
17:13 Havyard project with Havila Kystruten on hydrogen-powered coastal route operations to receive over NOK 100 million in funding from Pilot-E
16:24 World Fuel Services expands bunker operations in US leading up to 2020
15:57 IMO held training workshops in Cameroon Single Window for Foreign Trade Transactions
14:49 Onezhsky Shipyard lays down self-propelled hopper barge of Project HB600
14:08 Irish Continental Group plc takes delivery of cruise ferry W.B.Yeats
13:55 WMU takes part in Ocean Literacy Conference
13:31 First in industry ADNOC co-loads LPG and propylene onto same vessel in Ruwais
13:10 WMU hosted round table discussion regarding key challenges facing IMO
12:53 Bunker market at the Port of Saint-Petersburg, Russia shows mixed price movements (graph)
12:32 Nordic American Offshore secures contract for its PSV NAO Viking
12:11 Rosrybolovstvo supports 2nd Dredging and Hydraulic Engineering Structures Congress
11:50 Association of Commercial Sea Ports celebrates its 30th anniversary
11:24 Gazprom and Itochu sign MoU under Baltic LNG project
11:06 Scorpio Bulkers announces time charter-out agreement
10:48 Domestic ferry safety exercise conducted in Indonesia
10:25 IMO holds training for managing insecurity in west Indian Ocean and Gulf of Aden
10:06 EC adds six new yards to its ‘European List of ship recycling facilities’
09:47 Brent Crude futures price down 0.61% to $61.05, Light Sweet Crude – down 0.4% to $52.37
09:25 GTT notified by HSHI for the tank design of two new LNG carriers for CMM
09:18 Baltic Dry Index is up to 1,365 points
08:06 Fincantieri publishes its Sustainability Plan 2018-2022
07:14 Port of Long Beach cargo volume up to 621,835 TEU in November 2018
06:09 Mitsubishi Shipbuilding holds christening ceremony for LPG carrier "LAUREL PRIME"

2018 December 13

18:43 Coal exports via Rosterminalugol hit 19-millionth tonne mark
18:28 Port of Kaliningrad throughput in Jan-Nov rose 4% to nearly 13 million tonnes
18:25 Tideway completes installation of longest AC offshore wind export cable at Hornsea One in the UK
17:49 Hapag-Lloyd to cancel calls at Port of Bremerhaven
17:25 Building of Johan Sverdrup Phase II begins
17:19 Port of Vyborg 11-month cargo volumes soar 24% to 1.72 million tonnes
17:13 Seabridge first in Belgium to receive the SCA certificate
17:08 Jan De Nul cleans up polluted beaches along the coast in southern France
17:07 Bunker fuel prices at Far Eastern ports close the week lower
17:00 Murmansk Region will improve water safety regulations – Marina Kovtun
16:47 Port of Vysotsk cargo volume in Jan-Nov rises 6% to 16.86 million tonnes