Yang Ming Marine Transport Corporation recently announced that it has formed a new subsidiary in Shanghai — Huan Ming (Shanghai) International Shipping Agency Co., Ltd.

The Taiwanese shipping company said the subsidiary will begin operating on January 1 next year and will act as Yang Ming’s general agent in China.

"With the establishment of Huan Ming, Yang Ming is confident that its image will be further strengthened and the resources in China better integrated to reasonably reduce operating costs and improve operating efficiency," the shipping firm said in a statement.

Yang Ming said China accounts for a large share of Yang Ming’s total cargo volume.

Integrating China business 

"Yang Ming will be poised to significantly strengthen its service portfolio and increase its competitiveness. The new operating model can integrate the business in Southern China, which was previously overseen by Yang Ming’s subsidiary in Hong Kong, and enable the company to offer centralized management and further optimize efficiency," it added.

Yang Ming provides several services in intra-Asia, Asia-NCP/ MED, Trans-Pacific, Asia-Australia and Asia-South America trades covering the following 10 major ports in China: Shanghai, Ningbo, Qingdao, Xingang, Dalian, Lianyungang, Xiamen, Shekou, Yantian, and Guangzhou.

Yang Ming said Huan Ming will serve all clients with a more comprehensive and intensive shipping network by reinforcing local operations for import, export and transship cargoes in China, and continue to expand the development of Yang Ming in the global market.

Huan Ming sets up 15 offices at Shanghai, Qingdao, Tianjin, Xiamen, Ningbo, Nanjing, Dalian, Fuzhou, Suzhou, Wuhan, Lianyungang, Chongqing, Shenzhen, Guangzhou, and Zhongshan.