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Global Operating Layout
To offer customers convenient international shipping services, aside from a steady growth of its fleet, Yang Ming also collaborates 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.
The Company jointed the world’s third largest alliance, THE Alliance, whose members include Hapag-Lloyd, Ocean Network Express (ONE), and HMM. THE Alliance collectively operates services between Asia and North Europe, Asia and the Mediterranean, Asia and the Middle East / Red Sea, Transpacific – West Coast, Transpacific – East Coast (via Panama and Suez Canals), Trans-Atlantic. As of the end of 2022, THE Alliance had a total of 31 routes, of which 3 were jointly operated with non-THE Alliance carriers. The number of available vessels for THE Alliance was slightly increased to 260, with a total shipping capacity of over 2.9 million TEUs.
In addition to the continuous impact of COVID-19 on the market, the outbreak of the Russia- Ukraine war, China’s Zero-COVID policy, and interest rate increases by the world’s major economies have resulted in port labor shortage, port congestion, container shortage, shipping space shortage, and shipping schedule delay in all harbors around the world. For route planning, the Company will focus on endeavoring to maintain the sailing frequency and schedule integrity and make adjustments in port operations, feeder transport and inland transport, such as shortening the entry time of export containers in the container yards to minimize the number of containers in the yards; giving the vessels that loaded more and unloaded less higher priority in mooring, etc. in order to elevate the overall operational efficiency. We are also actively contracting for profitable cargo transportation and collaborating 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
100
vessels
Total number of operating TEUS reaches
731
thousand
Total operating tonnage reaches
8265
thousand tons
Routs operated worldwide with up to
101
sailings/week
CORPORATE PHILOSOPHY AND STRUCTURE
Yang Ming was founded on December 28, 1972, with its headquarters in Keelung City, Taiwan. The Company is mainly engaged in container shipping; repair, rental, and sale of containers and chassis; and shipping agency, and so on. Originally a state-owned enterprise subordinate to the Ministry of Transportation and Communications, Yang Ming was privatized in 1996. Our fleet largely consists of container ships and mainly serves enterprise customers. Our service network across Asia, Europe, the Americas, Oceania, and Africa. As of the end of 2022, the Company set up 242 operating sites in 87 countries and established the North America Regional Center, Europe Regional Center, Mediterranean Regional Center, Middle East Regional Center, and Latin America Regional Center in the United States, Germany, Greece, Dubai, and Panama, respectively.
Since its establishment, the Company has been devoted to achieving the vision and goal of“ being an excellent transportation group” and stayed 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 the ninth-largest shipping company in the world.
CORE VALUE
01
Teamwork
Emphasizes teamwork and learning spirit; strictly maintains high quality throughout the process; and optimizes comprehensive synergy at full speed.
02
Innovation Encouragement
Applies innovations to make self-breakthroughs, transcend traditions and seek enhancement continuously.
03
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
Be pragmatic and down-to-earth, seek truth from facts, and have things done well without deadweight loss.
05
People-Centric
Values every colleague’s work and results and provides a safe, healthy, and non-discrimination working environment.
06
Harmonious Coexistence
Cooperates with allies, harmonizes among colleagues, mutually benefits the society, and coexists with the environment.
07
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 THE Alliance to better its client services.
Intra Europe
11 sailing/week
Asia-NCP
12 sailing/week
Asia-MED
3 sailings/week
Far East-Red Sea
1 sailing/week
Intra-Asia(Excluding India and Pakistan)
46 route
Asia-Australia
3 sailings/week
Asia-USWC
12 sailings/week
Asia-USEC
5 sailings/week
Asia-South America
3 sailings/week
Asia-NCP
12 sailing/week
Asia-MED
3 sailings/week
Far East-Red Sea
1 sailing/week
Intra-Asia(Excluding India and Pakistan)
46 route
Asia-Australia
3 sailings/week
Asia-USWC
12 sailings/week
Asia-USEC
5 sailings/week
Asia-South America
3 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 27001：Information Security Management System
- TOSHMS：Taiwan Occupational Safety and Health Management System
- QUALSHIP21：QUALSHIP 21, quality shipping for the 21st century
OPERATION PLAN AND PERFORMANCE
| Topic | Goals in 2022 | Execution Results in 2022 | Goals in 2023 | Mid-/Long-term Goals |
|---|---|---|---|---|
| Business strategies and operational performance |
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