Yang Ming

#2511

Rank

$4.98B

MarketCap TW

TW Taiwan

Country

Summary
Yang Ming Marine Transport Corporation, together with its subsidiaries, provides shipping, repair, and chartering services in Taiwan, the United States, Europe, Asia, and internationally. It also purchases and sells ships, containers, and chassis. In addition, the company acts as a property, shipping, and forwarding and inland forwarding agent, as well as a shipping manager. Further, it provides warehouse and terminal operations, as well as storage management, information system, insurance, cargo consolidation, container transportation, stevedoring, and logistics services. The company was incorporated in 1972 and is based in Keelung, Taiwan.

History

The company was founded in 1972 as a shipping line, but has historical links through its merger with the China Merchants Steam Navigation Company , which dates back to the Qing Dynasty.

Yang Ming currently operates 101 container ships up to 14,000 twenty-foot equivalent units and 17 bulk carriers.

In between July and September 2018, Yang Ming agreed to offer a service from the Port of Keelung, Taiwan, to the US for two batches of nearly 20 containers each, containing over 1700 unused nuclear fuel rods, after the Taiwan Power Company decided to close its fourth nuclear plant. Safety concerns for possible leakage of radioactive materials were raised, and the first shipment was attended by over 200 police officers and company officers.On 10 March 2019, Yang Ming has welcomed two additional 14,000 TEU vessels in its fleet, YM Warranty and YM Wellspring.

The ships have been built in Japan at Imabari Shipbuilding, at a cost of nearly $99 million each. The additional tonnage is composed of sisters of the previously delivered YM Wellbeing, YM Wonderland and YM Wisdom.In May 2019, under the scope of improving its network, an agreement with the Canadian Pacific Railway was reached to have containers moved by rail from the Port of Vancouver eastbound to all Canada.


Mission
Yang Ming's mission is to provide the best possible shipping and related services while continuously striving to reduce costs and improve customer service.

Vision
Yang Ming strives to be the leader of the container shipping industry with a focus on customer satisfaction, service excellence, and environmental protection.

Key Team

Mr. Jeng-Shong Jeng (Chief Marine Technology & Sr. VP)

Mr. Der-Shi Tsao (Exec. VP, GM & Chief Information Officer)

Ms. Hsiu-Chi Ho (Sr. VP & Chief Admin. Officer)

Mr. Yu-Hsien Lin (Chief Taiwan Operations Officer & Sr. VP)

Mr. Shih-Chou Lee (Exec. VP)

Mr. Yeoung-Shuenn Ho (Sr. VP, GM & Chief Marine Technology Officer)

Mr. Mei-Chi Shih (Exec. VP)


Recognition and Awards
In 2019, Yang Ming was awarded the Lloyd's List's 'Global Provider of the Year' award for its commitment to safety, innovation, and environmental stewardship. The company is also ISO 9001, 14001, 18001 certified and is a member of the Global Sustainable Shipping Initiative.

References
Yang Ming
Leadership team

Mr. Shu-Chin Tu (GM & Pres)

Mr. Yu-Wen Su (Sr. VP & CFO)

Mr. Kaun-Sheng Fu (VP & Accounting Supervisor)

Products/ Services
Logistics, Marine Transportation, Transportation
Headquarters
Keelung, T'ai-wan, Taiwan
Established
1972
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
2609.TW
Social Media
Wed Feb 28 2024
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