Yang Ming Marine Transport Corporation - Wikipedia

Taiwanese container shipping company Yang Ming Marine Transport Corporation 陽_明海運股份有限公司

Company type	Public
Traded as	TWSE: 2609
Industry	Container shipping
Founded	16 December 1972[1]
Founder	Lee Hong-Chung[2]
Headquarters	271 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)
Services	Shipping services, logistics services
Owner	Yang Ming Group, Co. Ltd.
Subsidiaries	Kwang Gol Shipping Corp. Yes Logistics Corp. Yang Ming Cultural Foundation, Co. Ltd.
Website	www.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.

History

[edit]

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

[edit]

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 - Premier Alliance

[edit]

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]From February 2025, THE Alliance shall be replaced by Premier Alliance, composed by the same members, excluding Hapag-Lloyd.

Fleet

[edit]

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
B class	2010-2017	2826	19
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

[edit]

YM Efficiency

[edit]

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]

On 9 August 2024, the Liberian flagged ship YM Mobility caught fire in the port of Ningbo, due to a reported explosion in a container. No one was injured.

See also

[edit]

• List of companies of Taiwan
• Top intermodal container companies list
• Maersk Dubai incident
• YM Museum of Marine Exploration Kaohsiung
• YM Oceanic Culture and Art Museum * YM MOBILITY EXPLOSION IN 2024 *

References

[edit]

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".

External links

[edit] Wikimedia Commons has media related to Yang Ming.

• Official website

v t e Major container shipping companies
Active	2M Alliance Maersk P&O Nedlloyd Hamburg Süd Safmarine SeaLand MSC Ocean Alliance CMA CGM ANL APL Comanav Delmas NOL COSCO CSCL OOCL Evergreen Italia Marittima THE Alliance Hapag-Lloyd CP Ships CSAV UASC DAL/JTE HMM Ocean Network Express NYK MOL K Line Yang Ming Others Arkas Line IRISL Matson Pacific International Lines Swire Shipping Wan Hai X-Press Feeders ZIM
Defunct	Hanjin Shipping United States Lines

This article about a Taiwanese corporation or company is a stub. You can help Wikipedia by expanding it.

• v
• t
• e