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company_profile

 

Global Operating Layout

To offer customers convenient international shipping services, aside from the steady growth of Yang Ming's fleet, we also collaborate with other shipping companies for joint services to achieve synergy by integrating operational resources globally for the purpose of ongoing steady growth of the Company.

Yang Ming, HMM, and Ocean Network Express (ONE) continue to cooperate closely under the alliance name “Premier Alliance”, effective for five years from February 2025. This strategic and long-standing partnership enables Yang Ming to continue delivering reliable and flexible services with expanded global coverage, ensuring enhanced value and seamless operations for customers worldwide.
The cooperation is comprised of mainline services across major East-West Tradelines: Asia - North America West Coast, Asia - North America East Coast, Asia - Mediterranean, Asia - North Europe, and Asia - Middle East. Regarding the new alliance service, please refer to the Service Introduction on Yang Ming's website.

 

Impact Response Strategy

The 2020 COVID-19 pandemic prompted global enterprises and institutions to accelerate digital transformation, emphasizing remote work, e-commerce, and digital innovation. After the global supply chain was impacted by the pandemic, it prompted logistics operators and end buyers to reassess supply chain strategies, intensifying supply chain restructuring, highlighting the importance of international cooperation and global governance, further exposing flaws in the international system, and intensifying regional political and religious conflicts. For route planning, the Company will focus on maintaining the sailing frequency and schedule integrity and making adjustments in port operations, feeder transport and inland transport, such as shortening the entering time of export containers to minimize the number of containers in the container terminal; giving ships loading more and unloading less priority in mooring, etc. in order to elevate the overall operational efficiency. At the same time, we will quickly respond to changes in climate and geographical conflicts, and actively adjust the structure of routes and ports to ensure that the Company's space supply and transit time are minimally disrupted, continuing to provide customers with stable services. We will also actively contract for profitable cargo transportation and collaborate with alliance partners to cope with geopolitical impacts. In the long run, the focus is on adjusting routes and designing new routes as an approach to responding to market changes and needs.

OPERATIONAL PERFORMANCE

Operating Fleet consists of

Operating Fleet consists of

98 vessels
Total number of operating TEUS reaches

Total number of operating TEUS reaches

710 thousand TEUs
Total operating tonnage reaches

Total operating tonnage reaches

8135 thousand tons
Routs operated worldwide with up to

Routs operated worldwide with up to

93 sailings/week

ORGANIZATIONAL PHILOSOPHY AND STRUCTURE

 

Yang Ming Marine Transport Corporation was established on December 28, 1972, with headquarters located in Keelung City, Taiwan. The main business is container transportation, as well as ship, container and chassis repair, leasing, trading and shipping agency services. The fleet is mainly composed of container ships, primarily serving corporate customers. The route network spans Asia, Europe, America, Australia, and Africa. As of the end of 2024, the company has established 229 service locations in 86 countries, with regional centers established in the United States, China, Singapore, Germany, Greece, and Panama, responsible for overall business supervision and management in each region.

Since its establishment, the Company has been devoted to achieving the vision and goal of “being an excellent transportation group” and stayed true to the core values of “Teamwork, Innovation, Integrity, and Pragmatism” to offer global and refined oceanic shipping services. With “Punctual, Speedy, Reliable, and Economical” as the 4 guidelines, we strive to deliver excellent services. In terms of operating performance and strategies, the Company enters into joint operations with other well-known carriers around the world to improve the efficiency of integrating global operational resources and keep the business performance growing stably. Yang Ming is currently world's 10th largest shipping company.

CH2 Stable Navigation - Corporate Governance and Resilient Operations_page-0002改

CORE VALUE

01 Teamwork

Teamwork

Emphasizes teamwork and learning spirit; strictly maintains high quality throughout the process; and optimizes comprehensive synergy at full speed.

02 Innovation Encouragement

Innovation Encouragement

Applies innovations to make self-breakthroughs, transcend traditions and seek enhancement continuously.

03 Integrity as Priority

Integrity as Priority

Be sincere with people, be honest with work, respects others, cares for the society, and enjoys what we do.

04 Pragmatic Attitude

Pragmatic Attitude

With a pragmatic attitude, we always have our feet on the ground, are down to-earth, and do things right the first time.

05 People-Centric

People-Centric

Values every colleague’s work and results and provides a safe, healthy, and non-discrimination working environment.

06 Harmonious Coexistence

Harmonious Coexistence

Cooperates with allies, harmonizes among colleagues, mutually benefits the society, and coexists with the environment.

07 YM in Society

YM in Society

Provides transportation values for the society, and serves for the society and people.

GLOBAL ROUTES

Yang Ming upholds the philosophy of a steady growth and sustainable operation to continuously optimize its services. In terms of client services, the Company continues to assess its route arrangement and probe into the possibility of planning for opening new service. Meanwhile, it constructs a comprehensive service network worldwide through alliance to better its client services.

Intra-Europe

12 sailing/week

Asia-NCP

5 sailing/week

Asia-MED

3 sailings/week

Asia-Gulf/India/Red Sea

7 sailing/week

Intra-Asia(Excluding India and Pakistan)

38 sailing/week

Asia-Australia

4 sailings/week

Asia-USWC

10 sailings/week

Asia-USEC

4 sailings/week

Asia-South America

4 sailings/week

Asia-NCP

5 sailing/week

Asia-MED

3 sailings/week

Asia-Gulf/India/Red Sea

7 sailing/week

Intra-Asia(Excluding India and Pakistan)

38 sailing/week

Asia-Australia

4 sailings/week

Asia-USWC

10 sailings/week

Asia-USEC

4 sailings/week

Asia-South America

4 sailings/week

List of Certifications

  • ISO 9001:Quality Management System
  • ISO 45001:Occupational Health and Safety Management System
  • ISM CODE:International Safety Management Code
  • C-TPAT:Customs-Trade Partnership Against Terrorism
  • ISO 14001:Environmental Management System
  • ISO 14064-1:Greenhouse Gas Inventory Management
  • ISPS CODE:International Ship and Port Facility Security Code
  • AEO:Authorized Economic Operator
  • ISO/IEC 27001:Information Security Management System
  • TOSHMS:Taiwan Occupational Safety and Health Management System
  • QUALSHIP21:QUALSHIP 21, quality shipping for the 21st century
  • ISO 37001:Anti-bribery Management Systems

OPERATION PLAN AND PERFORMANCE

 

Long-term Target Mid-term Target Target in 2024 Execution Results in 2024 Goals in 2025
Enhance operational performance
  • Maintain a stable financial structure.
  • Diversify the Group’s business.
  • Strengthen the service network.
  • Incorporate climate risk factors into investment, route design, and operational evaluation.
  • Maintain our credit rating at twA-/twA-2.
  • Continue to explore business opportunities in the fields of terminals, logistics, bulk, new energy, etc.
  • Expand port coverage in Southeast Asia and South Asia.
  • Take CII compliance into consideration in the deployment of ships.
  • Continue to replace old ships with energy-efficient ships.
  • Consider climate risk factors in investment and route design.
  • Operating 26 alliance routes in total (including 2 routes jointly operated with carriers which are not alliance member).
  • The total number of available vessels was slightly increased to 263, with a total shipping capacity of nearly 3.1 million TEUs.
  • There were 93 sailings per week.
  • Report to Board approval for 7 vessels of 15K LNG dual fuel type and 6 vessels of 8K dual-fuel ready new generation energy-saving vessel types.
  • Zero containers lost at sea or collapsing and zero special cargo safety control errors.
  • Electric gantry cranes were put into operation in the Yang Ming Keelung Container Terminal to replace the old ones.
  • Maintain credit rating at twA-/twA-1.
  • Explore upstream and downstream investment opportunities in the core business, such as terminals, container yards, and warehouses in Taiwan, the United States, and Southeast Asia.
  • Explore horizontal investment opportunities in the core business, such as bulk shipping and strategic long-term equity investments.
  • Explore new energy investment opportunities.
  • East-west routes combined with Premier Alliance strategy and non-alliance cooperation to enhance coverage, reduce transit time, and increase service frequency.
  • Asia short-sea and north-south routes focus on strengthening cost-effectiveness, improving load factors, and optimizing vessel resource utilization to increase revenue.
  • Incorporate climate risk factors into investment, route design, and operational evaluation.
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