March 23rd, 20200A court in Taiwan has ruled Chang Kuo-wei, the youngest son of late Evergreen chairman Chang Yung-fa, is entitled to solely inherit around TWD14bn ($460m) worth of assets and take over as chairman of Evergreen Group according to Chang Yung-fa's will. The ruling comes four years after Chang Yung-fa died in 2016 and left behind a will...
March 16th, 20200The Baumarine pool, managed by Klaveness and Marubeni joint venture MaruKlav, has been joined by Taiwanese bulker owner U-Ming Marine. U-Ming is placing the 2015-built 85,000dwt panamax into the pool. C.K. Ong, president of U-Ming, said: "We look forward to being a part of Baumarine by MaruKlav and believe that both parties can...
February 27th, 20200Evergreen Line has launched a new digital platform to allow clients to access instant quotes and get secured space on its ships. The GreenX platform officially debuted yesterday after a soft launch in January from the Taiwanese line, the world’s seventh largest carrier. The digital platform is powered by BlueX Trade, a neutral...
February 17th, 20200Yang Ming Marine Transport has announced that its president, Vincent Lin, has retired. Lin is a shipping veteran, having served 35 years in the industry, including 25 years with Yang Ming. He was appointed as president of Yang Ming in 2016. The successor to Lin has yet to be announced and the role will be temporarily taken by the...
February 12th, 20201Taiwanese shipping line Yang Ming Marine Transport has announced that its 4,250 teu containership YM Eternity has been released by Australian authorities, having been detained by a court at the request of Australian Maritime Safety Authority (AMSA) on Sunday over pollution cleanup debts related to another Yang Ming boxship, YM...
February 10th, 20200Taiwanese shipping line Yang Ming Marine Transport's 4,250 teu containership was arrested at Port Botany in Australia on Sunday at the request of Australian Maritime Safety Authority (AMSA). AMSA claimed that Yang Ming had refused to pay up to AUD$20m ($13.4m) of clean-up costs after its containership YM Efficiency lost 81 containers...
January 31st, 20200Likely with rising fuel prices in mind, China Steel Express, the shipping arm of Taiwan’s largest steel producer, is readying a cape duo for sale. The sale will be its first move in the secondhand market in a decade as the company tends to keep its ships from cradle to the grave. The first two ships to be sold by the traditional...
January 21st, 20200Cheng Wen-Lon, the chairman of Taiwanese flagship shipbuilder CSBC Corporation, has sent an application to controlling shareholder the Ministry of Economic Affairs, to resign from the company. Cheng's resignation follows CSBC posting a net loss of TWD1.78bn ($59m) for the year of 2019, the fourth consecutive year that the shipyard has...
January 20th, 20201Taiwanese dry bulk shipping operator U-Ming Marine Transport has placed an order at Japan's Oshima Shipbuilding for the construction of up to four 100,000 dwt panamax bulk carriers. The contract includes firm order for two vessels and an option for another two vessels. The first two vessels are scheduled for delivery in...
January 20th, 20200Taiwanese shipbuilder CSBC has announced the company and its offshore joint venture partner DEME will replenish capital into CSBC-DEME Wind Engineering to support the construction of a heavylift vessel. The joint venture is expected to make an investment of TWD1.05bn ($35m) by April for the vessel, which will be used for offshore...
