[200519.EN.SEA] Yang Ming Establishes Indonesian Subsidiary To Reshape Regional Reach

TAIWAN's Yang Ming Marine Transport has established a subsidiary in Jakarta to boost regional services, reports London's Ship Technology.

Last August, Yang Ming awarded a contract to CSBC Corporation to build ten 2,800-TEU vessels to be delivered by 2020. These ships will boost Yang Ming's fleet competitiveness, said the company.

Yang Ming offers its services through four major ports in Indonesia, which includes Jakarta, Surabaya, Semarang, and Belawan.

The company is offering numerous transit options at Singapore and Port Klang for local customers to arrange their shipments to connect Yang Ming's long-haul services.

The new firm, named PT Yang Ming Shipping Indonesia, has been formed with Yang Ming's partners in Jakarta. Benson Chou has been appointed as president.

Yang Ming said that Indonesia is the largest economy among ASEAN countries and the new subsidiary will allow it to gain new opportunities.

Due to Indonesia's location and potential volume growth, the company has modernised its service network in the country by deploying larger vessels and boosting service frequencies.

With the formation of PT Yang Ming Shipping Indonesia, Yang Ming believes that the company can better serve its clients around the world using its comprehensive and intensive shipping network.

PT Yang Ming Shipping Indonesia has set up branch offices in Surabaya, Panjang, and Palembang.

Yang Ming currently offers a total of six services in the country. This includes three self-owned services CTI, TSE, and SE5, along with three joint services SS1, SSX, and TPI through exchange slots with partners. "The company has modernised its service network in the country by deploying larger vessels."

Source : HKSG.