Ports America invests in Yang Ming‘s Kaohsiung Terminal

Yang Ming Marine Transport Corp. (Yang Ming) announced that Ports America International Holdings Cooperative, U.A., an affiliate of Ports America Group (Ports America), will invest in Yang Ming’s 100% owned terminal Kao Ming Container Terminal Corp. (KMCT) in Kaohsiung by acquiring a 10% 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 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. < Korea Shipping Gazette >