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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 

The Company joined 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.

company_profile

As of the end of 2023, THE Alliance had a total of 26 routes, of which 3 were jointly operated with external partners. The number of available ships for THE Alliance was slightly increased to 263, with a total shipping capacity of nearly 3.1 million TEUs.
 
Adjustment of Route Strategies to Cope with the Impact of Turbulent Global Conditions
 
The market has entered a post-pandemic era. As the global economy is slowly recovering from the recession, various countries have implemented large-scale fiscal and monetary stimulus measures. The pandemic has prompted enterprises and institutions around the world to accelerate the pace of digital transformation, emphasizing remote work, e-commerce, and digital innovation. At the same time, it highlights the fragility of global supply chains, prompting logistics operators and end buyers to re-evaluate supply chain strategies, intensifying supply chain restructuring, accentuating the importance of international cooperation and global governance, exposing defects in the international system, and sharpening 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

94 vessels
Total number of operating TEUS reaches

Total number of operating TEUS reaches

707 thousand TEUs
Total operating tonnage reaches

Total operating tonnage reaches

7959 thousand tons
Routs operated worldwide with up to

Routs operated worldwide with up to

90 sailings/week

ORGANIZATIONAL 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, the repair, rental, and sale/purchase of containers and chassis, 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 covers across Asia, Europe, the Americas, Oceania, and Africa. As of the end of 2023, the Company set up 240 operating sites in 86 countries and established the North America Regional Center, China Regional Center, Asia Regional Center, Europe Regional Center, Mediterranean Regional Center, and Latin America Regional Center in the United States, China, Singapore, Germany, Greece, and Panama, respectively, to supervise and manage the overall business in the respective regions.

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 the ninth-largest shipping company in the world. 

CH2 Stable Navigation - Corporate Governance and Resilient Operations_page-0002

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

Be pragmatic and down-to-earth, seek truth from facts, and have things done well without deadweight loss.

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 THE Alliance to better its client services.

Intra-Europe

9 sailing/week

Asia-NCP

5 sailing/week

Asia-MED

3 sailings/week

Far East-Red Sea

10 sailing/week

Intra-Asia(Excluding India and Pakistan)

37 sailing/week

Asia-Australia

4 sailings/week

Asia-USWC

10 sailings/week

Asia-USEC

4 sailings/week

Asia-South America

3 sailings/week

Asia-NCP

5 sailing/week

Asia-MED

3 sailings/week

Far East-Red Sea

10 sailing/week

Intra-Asia(Excluding India and Pakistan)

37 sailing/week

Asia-Australia

4 sailings/week

Asia-USWC

10 sailings/week

Asia-USEC

4 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
  • ISO 37001:Anti-bribery Management Systems

OPERATION PLAN AND PERFORMANCE

 

Topic Goals in 2023 Execution Results in 2023 Goals in 2024 Mid-/Long-term Goals
Business strategies and
operational performance
  • Ensure a sound financial structure.
    • Maintain a stable finanacial structure.
  • Diversify the Group's business.
    • Identify investment opportunities related to terminal yards, storage logistics, and zero emission vessels.
  • Strengthen the service network.
    • Continue the planning of developing routes for niche marktes.
    • Establish operational strategies within and beyoun the alliance.
  • 26 THE Alliance routes in total (including 3 routes jointly operated with non-THE Alliance carriers).
  • The total number of available vessels was slightly increased to 263, with a total shipping capacity of nearly 3.1 million TEUs.
  • There were 90 sailings per week.
  • A contract for 5 15,500 TEU LNG dual-fuel container ships has been signed, and the new ships are expected to be delivered in 2026.
  • Zero containers lost at sea or collapsing and zero special cargo safety control errors.
  • 2 new electric gantry cranes were put into operation in the Yang Ming Keelung Container Terminal to replace the old ones, 2 electric and 1 dieselpowered.
  • 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
  • Improve operational performance
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