News

Yang Ming Marine Transport Corp. plans to expand its fleet by 52 percent to 140 within five years because it expects demand to stay strong, the Economic Daily News reported, citing Chairman Huang Wang-hsiu. The company also plans to increase its cargo rates for European routes by about 10 percent in September, the Taipei- based, Chinese-language newspaper said. Yang Ming, based in Taiwan's second-biggest port, Keelung, is the country's fourth-largest shipping company by market value.