TAIWANESE GOVERNMENT TO SELL YANG MING STAKE
The Taiwanese government will sell its remaining 42-percent stake in Yang Ming Marine Transport, the partially privatized shipping line.
A spokesman at Yang Ming’s head office in Taiwan said that Taiwanese media have mentioned the plan, but could not comment on it.
“We have not received any message from the government,” the spokesman told American Shipper.
Yang Ming, founded in 1972, was partially privatized and listed on the Taiwanese stock exchange in 1992.
In June of this year, Yang Ming ordered two 5,500-TEU containerships from Taiwan-based China Shipbuilding Corp. “in response to the government’s policy of building domestic vessels by domestic shipyards.”