The joint venture, named Jambatan Merah Formosa Depot, will provide inland empty container depot and container maintenance and repair services.
Port Klang is a main port of call for Yang Ming.
Related: Yang Ming 2,800 teu newbuilds to receive Smart Ship notations
The establishing of Jambatan Merah Formosa Depot, coupled with Yang Ming’s flexible service deployment and cooperative partners’ strengths, will enable the company to further integrate midstream and downstream businesses, and enjoy the advantage of cost reduction and profitability increase, said Yang Ming.
In 2018, Yang Ming set up a jv depot company in Surabaya, Indonesia to meet the growing demands from Southeast Asia market. The company will continue to look for cross-sector collaboration opportunities to enhance its competitiveness and service quality in the Southeast Asia market.
Source: Seatrade Maritime