Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsAsiaPorts America buys stake in Yang Ming terminal

Ports America buys stake in Yang Ming terminal

Ports America buys stake in Yang Ming terminal
Kaohsiung: Ports America International Holdings Cooperatief, an affiliate of Ports America Group, will buy a 10% stake in Yang Ming Marine Transport Corp's 100% owned Kao Ming Container Terminal Corp (KMCT) in Taiwan's Kaohsiung port.

KMCT started operation in January 2011 and handled 1.08m teu in its first year of operation.

Ports America has had close working relationship with Taiwanese container line Yang Ming for many years. Ports America is one of the joint venture partners in Yang Ming's West Basin Container Terminal in Los Angeles and is the stevedore operator at the Yang Ming-owned terminal in Tacoma.

Related
SIPG container yard
Top China ports see 10% container volume growth in Q1
May 16, 2024
An overhead shot of containerships in port
Unmasking the extent of container shipping’s potential overcapacity
May 16, 2024
US President Biden giving State of the Union Address
China accuses US of weaponising trade with new tariffs
May 15, 2024
RCL's Jaru Bhum at sea
RCL profits from increased freight rates, cost control in Q1
May 15, 2024