Yang Ming Marine Transport Corporation (Yang Ming) has approved the extension of the lease of Terminal No.70 at Kaohsiung Port for another 20 years through its wholly owned subsidiary, Hong Ming Terminal & Stevedoring Corp.
The Taiwan-headquartered shipping company said the renewal of the lease, approved during its 402nd Board Meeting, will help maintain service stability and efficiency within Yang Ming's intra-Asia service network.
Yang Ming noted that, in addition to enhancing the company's overall competitiveness, its Board also approved a plan to build a batch of new containers to replace ageing units, accommodate business development, and improve service quality.
Kaohsiung Port has been a central hub in Yang Ming’s global network since 1980.
Its strategic location, highway access, and integrated supply chain — including warehousing, container yards, and trucking — support operational flexibility. With the capabilities of Terminal No. 70 and Terminals No. 108-111, Yang Ming is positioned to meet both long- and short-haul service demands.
The approval of the container replacement plan is set to reduce the maintenance and repair costs, minimise cargo damage, meet operational needs, and enhance transportation capacity," Yang Ming said in a statement.
It added that these containers, including ISO dry containers, refrigerated containers, and special equipment, are expected to be delivered in 2025.
Moreover, in line with the company's sustainability strategies, these newly built containers will utilise eco-friendly bamboo flooring to mitigate deforestation and ecological disruption.
It said that using waterborne coatings will also significantly lower levels of Volatile Organic Compounds (VOC) emissions.
The new refrigerated containers will feature energy-efficient inverter compressors, which save electricity compared to conventional units. The pioneering application of low-GWP R513A refrigerant in some of the refrigerated units will reduce GHG emissions during daily operations.
Yang Ming acknowledged the challenges in the container shipping market, stating, "Faced with the volatile environment of the container shipping market, Yang Ming will continue to leverage the integration of upstream and downstream resources, along with the renewal of its fleet and containers, to enhance transportation efficiency and support business development."
The shipping line added that strengthening its global service network and improving business resilience will help maintain operations as it adapts to industry shifts.
