COOPERATION EXPANDED:The agreement with Thailand’s Regional Container Lines is expected to improve vessel utilization, reduce operating costs and expand coverage
Taipei Times
Date: Mar 15, 2016
By: Ted Chen / Staff reporter
Yang Ming Marine Transport Corp (陽明海運) yesterday inked a partnership
The YM Wellness arrives at Kaohsiung port on its maiden voyage on Aug. 25 last year. Photo: Huang Chien-hua, Taipei Times
agreement with Thailand’s Regional Container Lines Group aimed at pooling the companies’ resources to weather a persisting downturn in the sector.
Due to slowing growth in developed markets, the companies are hoping to further tap the Asian market, where growth has been more resilient.
The companies yesterday announced plans to expand bilateral cooperation on terminal operations in Taiwan and Thailand, slot exchange and vessel chartering services, as well as laden trucking and equipment interchange contracts.
The agreement is to improve vessel utilization, reduce leasing and other operational costs, and expand coverage and quality of liner services, the companies said. [FULL STORY]