Ports America Invests in Yang Ming’s Kaohsiung Terminal

June 18, 2012

Yang Ming Marine Transport Corp. (Yang Ming) announced today that Ports America International Holdings Cooperatief, U.A., an affiliate of Ports America Group (Ports America), will invest in Yang Ming’s 100-percent-owned terminal Kao Ming Container Terminal Corp. (KMCT) in Kaohsiung by acquiring a 10 percent stake.

KMCT was established as a Build-Operate-Transfer (BOT) project under the Port of Kaohsiung Intercontinental Container Terminal BOT with Kaohsiung Harbor Bureau. The terminal started operation in January 2011 and is well known for its high-quality automated services, safety and environmental-friendly facility. The green terminal has gained great support from carriers and customers worldwide and handled 1.08 million TEU in its first year operation in 2011.

“Ports America is excited by this opportunity to invest in such a modern facility as KMCT and partner with one of our very valued customers,” commented Ports America President and CEO Michael F. Hassing. “We welcome business opportunities with our respected customers in the United States and around the world as we expand our global reach of services. Yang Ming is a leading international carrier and a prominent customer whose distinguished long-term relationship we hold in great regard.”

Ports America is the largest terminal operator and stevedore in the United States, operating in more than 42 ports and 80 locations. Yearly container volume handled is approximately 12.7 million TEU. Other than container stevedoring and terminal operating, Ports America’s operations include bulk, breakbulk and project cargo facilities, world-class cruise terminals, intermodal facilities and Ro/Ro handling.

Ports America has had a close working relationship with 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. Ports America’s vast experience in terminal management will benefit KMCT’s marketing and operation and will assist in developing KMCT into a world-class leading terminal.

Ports America - press release