We are committed to protecting your personal data and providing you with access to your personal data in accordance with the personal data protection laws in force in the European Union.
By clicking "Accept All", you are giving us permission to place cookies to enhance your experience on this website, to help us analyze site performance and usage, and to allow us to deliver relevant marketing content. You can manage your cookie settings below. By clicking "Confirm" you agree to the current settings.
Message from Chairman
Carrying the World, Steady Navigation
In 2024, the global container industry added approximately 3 million TEU of new capacity, with supply growth exceeding demand growth. However, factors such as vessels rerouting due to the Red Sea crisis and congestion at major ports consumed excess tonnage. Meanwhile, Asia's emerging economies performed exceptionally well, driving global economic growth. Yang Ming continued to adjust route layouts and fleet deployment in response to market changes, actively seizing market opportunities throughout 2024 to achieve outstanding operational performance.
Looking back at 2024, we deepened alliance cooperation and optimized route competitiveness through the innovative Premier Alliance route structure, which will continue to provide customers with a comprehensive route network for the next five years. We also purchased long-term chartered vessels to stabilize the ship resources needed for operations, establishing a milestone for Yang Ming's self-owned fleet management entering the 10,000+ TEU class and initiating ship deployment planning to meet fleet renewal and business development needs.
In response to climate change challenges, we actively implemented various energy-saving and emission reduction measures to fulfill our environmental protection commitments. This included adding biofuel at all feasible supply ports along routes for various vessel types, using a total of 61,238 tons throughout 2024, achieving approximately 37,000 tons of greenhouse gas emission reductions compared to conventional fuels. We also conducted our first group-wide greenhouse gas inventory as a foundation for further emission reductions in the future. We also spared no effort in building workplace psychological support systems, providing diverse employee education and training programs and health care measures under our people-centered philosophy. In terms of overall performance in environment, corporate governance, and labor rights, Yang Ming received recognition in 2024 including EcoVadis Silver Rating from the global corporate sustainability rating platform, Taiwan Corporate Sustainability Awards(TCSA) - Top 100 Model Enterprises for Sustainability in Taiwan, National Excellence Healthy Workplace - Health Care Award, and Happy Enterprise Gold Award.
However, we are well aware that sustainable operation challenges are becoming increasingly severe, as competition in market vessel scale economies never ceases, and global economic development continues to face risks from geo-economic confrontation, frequent extreme weather events, and the rapidly increasing intensity of international emission reduction regulations. With the vision of "becoming the preferred choice for global merchants and a transportation group with key influence," while facing numerous operational uncertainties, we continue to focus on the steady development of our core container transportation business, striving for operational scale growth that aligns with trends in global trade demand, economic development, and supply chain ecosystems, while leveraging advantageous market momentum and expanding our customer base.
We actively encourage all employees to demonstrate creativity and vitality, embrace new thinking, simplify business processes through digital tools and strengthen customer service, further promoting digital transformation in the shipping industry. We utilize AI intelligence to implement shipping safety management, ensuring the safety of personnel, daily vessel operations, and cargo transportation. Facing the arduous challenge of greenhouse gas emission reduction, we pragmatically improve the energy efficiency of our operating fleet and continue to develop new energy deployment, creating new value for Yang Ming services through green competitiveness and diversified investment. We also consistently adhere to integrity as our foundation, implementing discipline and corporate governance, emphasizing employee welfare and occupational safety to ensure every employee can work in a safe and healthy environment. We will also continue to shoulder responsibilities for talent cultivation and community welfare, establishing roots in maritime education and practicing marine environmental protection and maritime cultural heritage.
Driven by our corporate mission to "provide sustainable and excellent transportation services, bringing value to customers and welfare to humanity," we launched a new generation ship deployment plan in 2024 to ensure core competitiveness in our main business. In coordination with international environmental regulations, we are reviewing and planning the use of new energy sources, gradually implementing our 2050 net-zero goal, supplemented by continuously improving digital service processes. We aim to meet customer needs with high-quality and energy-saving transportation services while continuing to create economic value for shareholders, laying the foundation for Yang Ming's sustainable shipping.