Taiwanese containerline Yang Ming has announced that it will form a new subsidiary with partners in Jakarta.
The new unit PT Yang Ming Shipping Indonesia will be officially lanuched on May 16. Benson Chou has been nominated as president director of the company.
Yang Ming said the new subsidiary in Indonesia will help strengthen the company’s regional services to meet the growing market demand in Southeast Asia.
“Given its strategic location and great potential volume growth, Yang Ming has upgraded its Indonesian service network by deploying larger vessels and increasing service frequencies. With the establishment of PT Yang Ming Shipping Indonesia, Yang Ming is confident of serving its worldwide clients with a more comprehensive and intensive shipping network by integrating business in surrounding areas and reinforcing the local operations for import, export and transship cargoes in Indonesia,” Yang Ming said in a release.
PT Yang Ming Shipping Indonesia has set branch offices at Surabaya, Panjang, and Palembang.
Yang Ming currently operates six services in the country, three self-owned services and three joint services via exchange slots with partners.