SOUTHBOUND SHIPPING:The board-approved project with Taiwan International Ports Corp in Indonesia would accelerate development of Surabaya’s shipping and logistics sectors

Taipei Times
Date: Nov 13, 2017
By: Ted Chen  /  Staff reporter

Yang Ming Marine Transport Corp’s (陽明海運) board has given its approval to a joint investment project with Taiwan International Ports Corp (TIPC, 台灣港務) in Indonesia.

The project is in line with the government’s New Southbound Policy and aims to development of Indonesia’s shipping and logistics sectors, as well as provide better services to Taiwanese companies operating in the country, the company said on Thursday last week.

The project is expected to take place in Surabaya during the first half of next year, Yang Ming said.

The company’s board has also given a green light to a similar project in the Mediterranean, it said, adding that the project is scheduled for next year.

For state-run TIPC, which is headquartered in Kaohsiung and oversees all of the nation’s international seaports, the investment in Indonesia would be the company’s first overseas project since being launched in March 2012.    [FULL  STORY]