Yang Ming Marine Transport Corp. (Yang Ming) celebrated its 50th anniversary on December 28th at the Grand Hotel Taipei, inviting distinguished guests, including Wang Kwo-Tsai, Minister of Transportation and Communications, Tsai Ming-Yen, Deputy Minister of Foreign Affairs, joint-venture partners, strategic alliance partners, important customers, long-term suppliers, and local financial institution representatives. The guests and Yang Ming witnessed the Company’s remarkable accomplishments in the past half-century and blessed the Company sailing towards sustainability and the next 50 years of prosperity.
President Tsai Ing-Wen gave her blessings in a pre-recorded special video for this occasion. She thanked the Taiwan-based Yang Ming for playing a significant role in Taiwan’s exports & imports and encouraged the Company to uphold its sustainable principles and deliver the goods to Taiwan and the world. Minister Wang pointed out that as Taiwan is surrounded by the ocean, about 90% of goods depend on marine transport. Yang Ming’s 50 years of operation have helped Taiwan’s economic development. The minister also thanked Yang Ming for supporting government policies by delivering essential supplies to Taiwan. Deputy Minister Tsai made a special mention of Yang Ming’s many humanitarian relief efforts and transport missions. Chairman Cheng mentioned that Yang Ming has been moving forward in a highly competitive market since its establishment. The Company gradually developed into a global container shipping company, starting with dry bulk transport services. Yang Ming 2020 exceeded 5 million TEU in annual business volume; now, with a fleet of 95 ships, the Company has achieved record revenues for the first three quarters of 2022. These accomplishments result from accumulated efforts over the past five decades and will serve as the foundation for the next 50 years of sustainable development.
Container shipping is highly competitive and closely linked to the changes in the global economy. Therefore, Yang Ming prioritizes its sustainable development always to take the lead. To meet the expectations of our customers, shareholders, employees, competent authorities, and other stakeholders, the Company has dedicated itself to developing digitalization, optimizing its fleet, improving employee welfare, cultivating industry talents and realizing the integrity of the business operation and corporate governance. In addition, to stay on top in the ever-changing industry, the Company has made necessary changes regarding the long-to-short global supply chains and the urgency of net zero emission by 2050. For instance, Yang Ming is the first shipping company in Taiwan that sets to build LNG ships. In addition, the Company has been investing in research and cooperation on clean energies, strengthening digitalization and smart applications of ships and internal procedures to enhance carbon reduction and operational efficiency. Also, Yang Ming continues diversifying its businesses by investing in terminals and logistics to create a competitive niche. With container shipping being the centre, the upstream and downstream businesses will become an integrated network for sustainable development. Yang Ming will reach net zero emissions and realize the UN’s Sustainable Development Goals.
On top of the great event on December 28th, Yang Ming also organized a series of events to celebrate its 50th anniversary. These events include harbour cleanups to protect the environment, coral restoration to preserve marine biodiversity, Yang Ming Sports Day to promote sports culture, and internal flee market charity sales to increase community charitable engagement. Yang Ming seeks to strengthen teamwork and fulfil corporate responsibilities by encouraging employees to participate in these activities. In 2022, the Company received awards at the 15th Taiwan Corporate Sustainability Awards (TCSA) and the 18th National Sustainable Development Awards Ceremony. These awards are the acknowledgement of the Company’s sustainable efforts. As a result, Yang Ming will sail towards the next 50 years with steady revenues, energy saving and low emissions, and digital and smart management while achieving ESG requirements.
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