Yang Ming Marine Transport Corporation
陽明海運股份有限公司
TypePublic
IndustryContainer shipping
Founded16 December 1972[1]
FounderLee Hong-Chung[2]
Headquarters271 Ming De 1st Road,
Keelung
,
Taiwan
Area served
Worldwide
Key people
  • Chong-hua Cheng, MBA (CEO)
  • Patrick Emerson Teng, CPA (President)
  • Jason Eugene Chan, CMA (Vice President)
  • Ian Park, Ph.D (CFO)
ServicesShipping services, logistics services
OwnerYang Ming Group, Co. Ltd.
Subsidiaries
  • Kwang Gol Shipping Corp.
  • Yes Logistics Corp.
  • Yang Ming Cultural Foundation, Co. Ltd.
Websitewww.yangming.com (in English)

Yang Ming Marine Transport Corporation (Chinese: 陽明海運; pinyin: Yáng Míng Hǎi Yùn) is a Taiwanese container shipping company based in Keelung, Taiwan (ROC).

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 (1872–1995), which dates back to the Qing Dynasty.

Yang Ming currently operates 101 container ships up to 14,000 twenty-foot equivalent units (TEU) 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.[3] Safety concerns for possible leakage of radioactive materials were raised, and the first shipment was attended by over 200 police officers and company officers.[4]

On 10 March 2019, Yang Ming has welcomed two additional 14,000 TEU vessels in its fleet, YM Warranty and YM Wellspring.[5] 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.[6]

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.[7]

Subsidiaries

The Yang Ming Group includes a logistics unit (Yes Logistics Corp. and Jing Ming Transport Co.), container terminals in Taiwan, Belgium, Netherlands and the USA, as well as stevedoring services (Port of Kaohsiung, Taiwan). Yang Ming's service scope covers over 70 nations with more than 170 service points

THE Alliance

Yang Ming container ship YM People in the port of Keelung in Taiwan
Yang Ming headquarters sign

Along with Hapag-Lloyd, HMM Co Ltd, and Ocean Network Express, Yang Ming Marine Transport Corporation is a member of THE Alliance. THE Alliance is intended to provide 34 services, directly calling at 81 different ports on a monthly basis.[8]

Fleet

As of mid-2019, Yang Ming operated a fleet of over 4.2-million-D.W.T / operating capacity 643 thousand TEU, of which container ships are the main service force.[9][10]

Container ship classes of Yang Ming
Ship class Built Capacity (TEU) Ships in class Notes
U-class 2008–2013 8626 8
W-class 2015–2019 14,078–14,200 20 5 ships under long-term charter from Shoei Kisen Kaisha
T-class 2020–2022 11,714–12,726 14 5 ships built by Jiangsu Yangzi Xinfu Shipbuilding under long-term charter from Costamare

9 ships built by Imabari Shipbuilding under long-term charter from Shoei Kisen Kaisha

2026-–onwards 15,500 5 [11]

Accidents and incidents

YM Efficiency

On 4 June 2018, the container ship YM Efficiency lost 83 containers at sea due to extreme rough weather conditions close to Australia, New South Wales coast,[12] that made the cargo break their lashing and fall into the waters.

A safety warning had to be issued, as despite the fact that no dangerous goods were discharged into the sea, some medical and surgical items were noted floating and then recovered ashore, polluting a number of beaches.[13]

Yang Ming Marine Transport Corporation headquarters

See also

References

  1. ↑ "YangMing Marine Transport Corp". www.yangming.com. Retrieved 2022-04-30.
  2. ↑ "YangMing Marine Transport Corp". www.yangming.com. Retrieved 2022-04-30.
  3. ↑ "To make better decisions, you need to see the big picture".
  4. ↑ "Taipower readies 2nd batch of nuclear fuel rods for U.S. return - Focus Taiwan".
  5. ↑ "Yang Ming launches two more 14,000-teu boxships". 7 March 2019.
  6. ↑ "Yang Ming receives two 14,220 TEU box ships built at Imabari yard in Japan".
  7. ↑ "CP and Yang Ming sign long-term agreement to connect Yang Ming's customers with North American markets - NASDAQ.com". Archived from the original on 2019-07-09.
  8. ↑ "THE Alliance". Joc.com. Retrieved 3 January 2019.
  9. ↑ "Welcome to YM group world wide web". www.yangming.tw.
  10. ↑ "YangMing Marine Transport Corp". www.yangming.com.tw.
  11. ↑ "Yang Ming directors give go-ahead for 15,000 TEU quintet". Container News. 2022-01-17. Retrieved 2022-04-14.
  12. ↑ "ATSB investigates loss of containers from Yang Ming boxship - SAFETY4SEA". Archived from the original on 2019-07-09.
  13. ↑ "Yang Ming cargo ship loses 83 containers overboard off Australia".
Wikimedia Commons has media related to Yang Ming.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.