Yang Ming Rules Out Container Line Merger
As merger mania continues to grip container shipping Taiwan’s Yang Ming Marine Transport Corp has ruled out that it will merge with another line.
"A merger has never been an option for Yang Ming, and it won't be," chairman Bronson Hsieh told a media event, MANA correspondent reported cited by Reuters.
"Over the past 10 years, the five shippers with the highest profit margins have been smaller players. Smaller companies do not necessarily have to be merged," he said.
Loss making Yang Ming is currently the eighth largest container line in the world with a 2.8% share of capacity according to Alphaliner.