TAIWAN : Yang Ming Marine Transport Corporation has established a new 100% owned subsidiary in Panama, Yang Ming (Latin America) Corp., to conduct the “Central and South America Regional Center”. The new company begins to provide all services on 8th June 2017 in Panama office. Mr. Wen-Jin Lee is officially nominated as the first tenure of President.
Viewing the moderate growth of South America, THE Alliance deploys larger ships to transit the new Panama Canal and adding more ports of call to Caribbean Sea, the potentiality of South America and Caribbean Sea markets helps Yang Ming to set up its owned company to perform as the Regional Center. This Regional Center is responsible for the management of Yang Ming’s network of agencies there to centralize pricing, operations, equipment control, slot and feeder arrangement in the heart of Panama city, governing the territory from Mexico and the Southern countries. Through the relocation of the management frame, Yang Ming expects to gradually expand the market share and the business scale in this region and to reduce the operation costs significantly.
The establishment of Yang Ming (Latin America) Corp. will give Yang Ming greater visibility of the region and may serve Yang Ming’s clients worldwide with a more comprehensive and intensive logistics network by integrating business in the regions around and reinforcing the operations for import/export/transship cargo in the Central and South America together with Yang Ming’s long-term strategy of port network establishment and synchronization of information platform.
Yang Ming, through joint deployment, operates SA3, SA4, SA6, EC1, EC3, AL4 and AL5 seven loops each week, calling at 20 Major Ports in Central and South America – Manzanillo, Buenaventura, Callao, San Antonio, Lazaro Cardenas, Puerto Quetzal, Buenaventura, Guayaquil, Itaguai, Santos, Paranagua, Navegantes, Montevideo, Buenos Aires, Rio Grande, Balboa, Veracruz, Altamira, Cartagena and Caucedo ports respectively, offering high-quality service in the Central and South America.