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Yang Ming

Yang Ming

Industry: 
Shipping
Country: 
Taiwan
Contact Information: 
Sources: 

"Container lines are racing to initiate services to Iran following the nuclear accord... Some Asian lines — including Hyundai Merchant Marine (HMM), Hanjin Shipping, Yang Ming, Wan Hai and PIL — are ahead of the game, having already reinstated services that were mostly cut off as a result of Iranian sanctions in 2013. According to Alphaliner, HMM has included Bandar Abbas (Shahid Rajaee) in its South Korea-to-East Asia-to-Middle East 'KMS' service since April, deploying seven ships of 6,300 teu to 6,800 teu, while Hanjin and Yang Ming are set to serve Iran this month on two separate services using around 13 ships of 4,000 teu to 8,588 teu." (TradeWinds, "Floodgates to open as lines jockey for position in Iran," 7/31/15)

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"Taiwanese lines Evergreen and Yang Ming Marine said they had pulled out, while Singapore's Pacific International Lines has also cut ties along with two top South Korean shipping firms." (Reuters, "Chinese Firms Drop Iran as Latest U.S. Sanctions Bite," 07/01/2013)

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On June 23, 2011, the U.S. Treasury Department sanctioned Tidewater Middle East Co. (“Tidewater”), Iran’s major port operator, because the IRGC owns it and uses it for illicit activities including weapons shipments. (U.S. Department of the Treasury Press Center, “Treasury Sanctions Major Iranian Commercial Entities,” 6/23/11)  The EU followed with its own sanctions against Tidewater on January 23, 2012. (Official Journal or the European Union: Council Decision 2012/35/CFSP)

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Operates as a liner & feeder in Iranian ports.  (Ports and Maritime Organization: Shipping Lines which operating in Iranian Ports)

Uses Tidewater Middle East Co.’s private terminals in the Shahid Rajaee Port Complex. (Tidewater: Reflection of Tomorrow)