Taipei: Yang Ming Marine Transport Corp announced yesterday that Ports America International Holdings Cooperatief, an affiliate of Ports America Group, will invest in Yang Ming’s 100%-owned terminal Kao Ming Container Terminal Corp (KMCT) in Kaohsiung by acquiring a 10%stake. The terminal started operation in January 2011 and handled 1.08m teu in its first year of operation.
Ports America has had a close working relationship with Yang Ming for many years. Ports America is one of the joint venture partners in Yang Ming’s West Basin Container Terminal in Los Angeles and is the stevedore operator at the Yang Ming-owned terminal in Tacoma. [19/06/12]