Yang Ming sets up Central and South America Regional Center in Panama

Yang Ming Marine Transport Corporation has established a new, fully-owned subsidiary in Panama, Yang Ming (Latin America) Corp., to manage the company’s Central and South America Regional Center. The new company will be led by Wen-Jin Lee.

With moderate growth in South America, THE Alliance, of which Yang Ming is a member, is deploying larger ships to transit the new Panama Canal and adding more ports of call to Caribbean Sea. The new Regional Center is responsible for the management of Yang Ming’s network of agencies in this region, and is intended to centralise pricing, operations, equipment control, slot and feeder arrangement. Yang Ming expects to gradually expand its market share in this region and to reduce operating costs significantly, as it persists in its long-term objectives to establish a cohesive port network and synchronise its IT platform.

Yang Ming, through joint deployment, operates SA3, SA4, SA6, EC1, EC3, AL4 and AL5 seven loops each week, calling at 20 major ports in Central and South America – Manzanillo, Buenaventura, Callao, San Antonio, Lazaro Cardenas, Puerto Quetzal, Buenaventura, Guayaquil, Itaguai, Santos, Paranagua, Navegantes, Montevideo, Buenos Aires, Rio Grande, Balboa, Veracruz, Altamira, Cartagena and Caucedo ports respectively.

Source: Yang Ming