Yang Ming, heavily burdened with debt since the Hanjin collapse, has received a $1.9 billion relief package from the Taiwanese government to support its operations. Despite ongoing financial struggles, including significant salary cuts for managers and executives, Yang Ming is preparing to join an alliance that will significantly enhance its service network. The potential merger with Evergreen is debated due to government ownership stakes, while Yang Ming's market position continues to slip amid industry consolidation.

1. YANG MING STRUGGLING
TO KEEP UP

2. JOIN THE CONVERSATION
ON TWITTER
@XENETA_AS

3. ABOUT
XENETA
At Xeneta we believe there is an untapped
potential for everyone in the industry, to
systematically learn from our individual
and collective efforts. We hold true that "if
you cannot measure it, you cannot improve
it". That’s why we think actionable metrics
is the key to continuously evolve for every
business, and ultimately the entire industry.
Rethinking global logistics is the vision of
Xeneta.
With international experience from the
logistics industry, we have first-hand
knowledge of the challenges related to high
volatility and lack of transparency in the
ocean freight market. By combining
logistics background and information
technology expertise, we found the solution
WE ARE
TRANSFORMING
GLOBAL
LOGISTICS

4. ARE YOU PAYING THE
RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS
POTENTIAL IN REAL
TIME.
CONTACT US.

5. RUMORS OF “WHO’S NEXT”
CONSTANTLY SWIRL WITHIN
THE BATTERED OCEAN
FREIGHT MARKET. WHETHER
IT’S ANOTHER BANKRUPTCY
OR ACQUISITION, FALLOUT
WITHIN THE MARKET
CONTINUES AS IT WORKS TO
RIGHT THE SHIP.

6. INCREASINGLY, THE FOCUS IS ON
TAIWAN’S YANG MING. CAN IT
CONTINUE AS IS, WILL IT NEED
PROPPED UP FINANCIALLY OR WILL IT
BE ALLOWED TO COLLAPSE?

7. MANY QUESTIONS SURROUND
THIS CARRIER. BELOW WE
CONTINUE OUR CARRIER PROFILE
SERIES.

8. DEBT-BURDENED

9. SINCE THE HANJIN COLLAPSE, YANG MING HAS ASSUMED THE
TITLE OF THE MOST DEBT-BURDENED CONTAINER LINE IN THE
INDUSTRY.
YANG MING AND EVERGREEN, TAIWAN’S SECOND OCEAN
FREIGHT CARRIER HAVE BORROWED HEAVILY OVER THE PAST
FEW YEARS TO BUY A NUMBER OF MEGA-VESSELS.
BUT THIS ALONG WITH SLOWING TRADE AND OTHER ISSUES
RESULTED IN TAIWAN’S GOVERNMENT TO APPROVE A $1.9
BILLION RELIEF PACKAGE FOR BOTH EVERGREEN AND YANG
MING WHICH INCLUDES A CREDIT LINE WITH PREFERENTIAL
INTEREST RATES.

10. IN ADDITION, YANG MING
IS UNDERGOING
NUMEROUS COST
SAVINGS MEASURES
SUCH CUTTING THE
SALARIES OF FIRST LINE
MANAGERS BY 30%
WHILE EXECUTIVES’ PAY
REDUCED BY 50%.
THERE ARE ALSO NEW
GUIDELINES
IMPLEMENTED TO
ACHIEVE NIMBLE
OPERATIONS AND MORE
STRINGENT COST
CONTROLS.

11. OCEAN FREIGHT RATES ARE
INCREASING. FIND OUT HOW TO
STAY AHEAD OF THE MARKET.
DOWNLOAD
OUR WEBINAR

12. ACQUISITION TARGET?

13. CALLS FOR THE TWO
TAIWANESE CARRIERS TO
MERGE HAVE GROWN
LOUDER. EVERGREEN AND
YANG MING HAVE QUIETLY
SLIPPED IN GLOBAL
RANKINGS AS THE
MARKET CONSOLIDATES.
YANG MING APPEARS TO
HAVE SLIPPED FROM 8TH
TO 9TH WITH 580,000 TEU
OF CAPACITY WHILE
EVERGREEN HAS FALLEN
TO 7TH FROM 5TH.
COMBINED, THE TWO
CARRIERS WOULD BE
ALMOST AS LARGE AS
COSCO.

14. WOULD EVERGREEN MERGE WITH YANG
MING? I DON’T THINK IT’S POSSIBLE BECAUSE,
DON’T FORGET, YANG MING HAS ONE THIRD
OF ITS SHARE OWNED BY GOVERNMENT. ARE
YOU GOING TO BUY A COMPANY OWNED BY
THE GOVERNMENT?
YANG MING’S CHAIRMANTOLD JOC

15. LEARN HOW XENETA CAN HELP
YOU GET INSIGHT INTO YOUR
GLOBAL OCEAN FREIGHT PRICES.
REQUEST
DEMO NOW

16. OUTLOOK | THE ALLIANCE

17. AS YANG MING CUTS COSTS, IT IS PREPARING FOR ITS
PARTICIPATION IN THE ALLIANCE, SET TO BEGIN IN APRIL.
THE ALLIANCE PARTNERS PLAN TO DEPLOY A FLEET OF MORE
THAN 240 SHIPS IN THE ASIA/EUROPE, NORTH ATLANTIC AND
TRANS-PACIFIC TRADE LANES INCLUDING THE MIDDLE EAST
AND THE ARABIAN GULF/RED SEA.
THE SERVICE NETWORK IS EXPECTED TO COVER MORE THAN
24 PORTS IN ASIA INCLUDING TEN CHINESE AND FIVE
JAPANESE PORTS, 20 PORTS IN THE US AND CANADA, SIX
NORTH EUROPEAN AND 13 MEDITERRANEAN PORTS, SIX
PORTS IN THE MIDDLE EAST AND SIX PORTS IN CENTRAL
AMERICA/CARIBBEAN.

18. THE COMPANY’S DEBT
CONTINUES TO INCREASE WITH
A COMBINED $407 MILLION IN
ITS FIRST THREE QUARTERS IN
ITS CURRENT FINANCIAL
REPORTING PERIOD.

19. RELATED
READING:
YANG MING STRUGGLING TO
KEEP UP
CLICK TO
READ