The ministry’s transportation committee met on Monday and touched on possible measures to salvage debt-ridden and partially state-owned Yang Ming, which has recorded a loss of TWD13bn ($408m) in the first three quarters of this year.
Legislator Chen Ou-po of the Democratic Progressive Party (DPP) proposed that Yang Ming, which is 33% government-owned, can merge with state-owned TIPC, Taipei Times reported.
TIPC was established in 2012 to take over the port operation and management functions of Kaohsiung, Keelung, Taichung and Hualien.
Chen noted that it would be difficult for Yang Ming to merge with fellow container carrier Evergreen Marine as the latter is a privately-owned company, the local media reported.
The DPP legislator pointed out that Yang Ming has been in the red since 2009, and the ministry should hold people who used to be in the company’s management positions accountable for their decisions that caused the losses.
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