Taiwanese shipping firm Yang Ming Marine Transport has established a subsidiary in Jakarta, Indonesia, to boost its regional services and meet the growing demands of the shipping market.
The new firm, named PT Yang Ming Shipping Indonesia, has been formed with Yang Ming’s partners in Jakarta.
Benson Chou has been formally appointed as president director for the first term.
Yang Ming said that Indonesia is the largest economy among ASEAN countries and the new subsidiary will allow it to gain new opportunities.
Due to Indonesia’s strategic location and potential volume growth, the company has modernised its service network in the country by deploying larger vessels and boosting service frequencies.
With the formation of PT Yang Ming Shipping Indonesia, Yang Ming believes that the company can better serve its clients across the globe using its comprehensive and intensive shipping network.
PT Yang Ming Shipping Indonesia has set up branch offices in Surabaya, Panjang, and Palembang, to ensure smooth execution of the business.
Yang Ming currently offers a total of six services in the country. This includes three self-owned services CTI, TSE, and SE5, along with three joint services SS1, SSX, and TPI through exchange slots with partners.
Yang Ming offers its services through four major ports in Indonesia, which includes Jakarta, Surabaya, Semarang, and Belawan.
The company is offering numerous transit options at Singapore and Port Klang for local customers to arrange their shipments to connect Yang Ming’s long-haul services.
In August last year, Yang Ming awarded a contract to CSBC Corporation to build ten 2,800 twenty-foot equivalent unit (TEU) class full container vessels to be delivered by 2020. These ships will boost Yang Ming’s fleet competitiveness.